Price Reduction
Address
3911 Sauk Trail, Richton Park, IL
Price
$ 385,000
Property Attributes
- MLS#11934316
- TypeCommercial
- CountyCOOK
- CityRichton Park
- AreaRichton Park
- Zip60471
- StyleCommercial
- Year Built1990
- Taxes$ 123594
- Price$ 385,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8456
- Lot Size0.670523 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Clean 8,500 sq/ft, 4 unit commercial storefront on busy Sauk Trail with over 27,000 vehicles passing by per day. The building is 85% leased with strong long term tenants like Statefarm and Xtra Cute Salon. The building could be reconverted back to 6 units in the future and after the recent tax reduction the building will have cash flow once 100% leased. The building sits on nearly .7 acres and has over 40 parking spaces in the front and rear of the building. Zoning is special because it allows most business/office/restaurant use plus the option for Cannabis retail and growth with a special use permit. The building next door is also for sale 3913 and could be combined for a package deal. Zoning allows for mixed use so you could add an apartment to either building to qualify for residential taxation.
| Price History | |
|---|---|
| 12/1/2023 | Listed $500,000 |
| 2/6/2024 | 10% - $450,000 |
| 3/25/2024 | 6% - $425,000 |
| 4/16/2024 | 6% - $400,000 |
| 5/9/2024 | 4% - $385,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | COMMR |
| Construction Materials | Concrete,Block |
| Year Built | 1990 |
| Electric | Power - 240V |
| Stories | 1 |
| Property SubType | Strip Center |
| Tax Year | 2022 |
| Current Use | Commercial |
| Gross Income | 92088 |
| County | Cook |
| Net Operating Income | 1 |
| Insurance Expense | 1800 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | TAKE SAUK TRAIL TO RICHTON ROAD AND TURN SOUTH INTO PARKING LOT |
| City | Richton Park |
| Total Units | 6 |
| MLS Area | Richton Park |
| Lot Size Square Feet | 29208 |
| Street Name | Sauk |
| Tax Annual Amount | 123594 |
| Electric Expense | 700 |
| Fuel Expense | 900 |
| Water Sewer Expense | 500 |
| Additional Parcels Y/N | No |
| Leasable Area | 8456 |
| Days on Market | 168 |
| Standard Status | Active |
| Property Type | Retail/Stores |
Interior Features
| Street Suffix | Trail |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 8456 |
| Lot Dimensions | 187' X 182' X 114' X 192' |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60471
Price
Taxes
Visits
Year Built
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 18, 2024 4:39 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 18, 2024 4:39 PM UTC
