Address
109-119 W Grand Avenue, Melrose Park, IL
Price
$ 1,425,000
Property Attributes
- MLS#11978478
- TypeCommercial
- CountyCOOK
- CityMelrose Park
- AreaMelrose Park
- Zip60164
- Style
- Year Built1961
- Taxes$ 26980
- Price$ 1,425,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6950
- Lot Size0.468251 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.
| Price History | |
|---|---|
| 2/14/2024 | Listed $1,425,000 |
General Features
| Cooling | Central Air,Central Individual |
|---|---|
| Utilities | Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal |
| Possession | Closing |
| Roof | Membrane |
| Zoning | COMMR |
| Construction Materials | Brick,Wood Frame |
| Year Built | 1961 |
| Electric | Other |
| Stories | 1 |
| Township | Leyden |
| Property SubType | Strip Center |
| Tax Year | 2022 |
| County | Cook |
| Insurance Expense | 5216 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | I-90W to I-90W take exit (2B) to Mannheim Road turn right on Grand Ave. |
| City | Melrose Park |
| Total Units | 6 |
| MLS Area | Melrose Park |
| Lot Size Square Feet | 20397 |
| Street Name | Grand |
| Tax Annual Amount | 26980 |
| Additional Parcels Y/N | No |
| Days on Market | 6 |
| Lease Type | Gross |
| Standard Status | Active |
| Property Type | Retail/Stores |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Building Area Total | 6950 |
|---|---|
| Lot Dimensions | AS PER SURVEY |
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 60164
Price
Taxes
Visits
Year Built
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 16, 2024 2:28 AM 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 16, 2024 2:28 AM UTC
