MIXED USE BUILDING IN MT. GREENWOOD

Retail-Commercial for Sale
Catylist Listing ID: 30250673
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 7,185 SF
Gross Building Area: See Agent
Sale Price: $324,900
Unit Price: $45.22 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/17/2018

Overview / Comments

MOTIVATED SELLER! MIXED USE OPPORTUNITY FOR SOMEONE LOOKING TO BRING THEIR BUSINESS TO MT. GREENWOOD AREA. ALSO FOR A BUILDER WANTING TO DEVELOP. THE PROPERTY CONSISTS OF A RETAIL BUILDING AND SINGLE FAMILY HOME WHICH IS PRODUCING INCOME. THE CLEANERS WOULD BE VACATING BUT THE HOME HAS A TENANT PAYING $1,550 PER MONTH. THE CLEANERS IS A DROP OFF & PICK UP LOCATION ONLY. NO CLEANING IS DONE THERE. THE BUILDING HAS 3 PHASE & 400 AMP SERVICE. UTILITIES SEPARATELY METERED. BUILDING IS 7,185 SF AND INCLUDES THE HOME. TRAFFIC COUNTS ARE 16,200 PER DAY. PRICED TO SELL & SOLD "AS IS".

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,825 (Annual)
Gross Operating Income $21,600 (Annual)
Net Operating Income $11,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Zoning: B1-1
Retail Clientele: General, Family, Business, Recreation
Property Located Between: KEDZIE AVE. & PULASKI RD.
Property Visibility: Excellent
Feet of Frontage: 100
Traffic/Vehicle Count: 16,200
Highway Access: ONLY 8 MINUTES TO I-57
Airports: ONLY 8 MILES FROM MIDWAY AIRPORT
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 12
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Zoning Description: ZONING ALLOWS FOR BUSINESSES, COMMERCIAL, OFFICE, RESIDENTIAL AND MIXED USE
Lot Frontage: 100
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,754 205,566 574,910
Median Age: 37.89 38.54 37.45
Households: 10,972 77,702 204,612

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