RETAIL INVESTMENT IN EVERGREEN PARK

Retail-Commercial for Sale
Catylist Listing ID: 30197828
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 3,120 SF
Gross Land Area: 6,000 SF
Sale Price: $264,900
Unit Price: $84.90 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 9.0%
Last Updated: 8/16/2018

Overview / Comments

TWO RETAIL UNITS ON 95th STREET. BOTH ARE FULLY LEASED. THE TENANTS ARE A SALON AND OFFICE USER. UNIT 3510 IS 960 SF AND IS LEASED THROUGH 2/28/2020. UNIT 3512-14 IS 2,160 SF AND IS LEASED THROUGH 2/28/2019. BOTH ARE SOLID TENANTS. PROPERTY HAS PARKING IN THE REAR AND FRONT STREET PARKING. EACH UNIT IS SEPARATELY METERED AND HAS A FURNACE & CENTRAL AIR. NEW ROOF WAS PUT ON IN SUMMER 2017. CAP RATE OF 9.0%. RENT ROLL AND SURVEY AVAILABLE. GREAT TRAFFIC COUNTS ON 95th STREET OF 36,200 PER DAY.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $13,112 (Annual)
Gross Operating Income $43,200 (Annual)
Net Operating Income $23,388 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Tax ID/APN: 24-02-425-055-0000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: KEDZIE AVE. & PULASKI RD.
Property Visibility: Excellent
Largest Nearby Street: 95th STREET
Feet of Frontage: 52
Traffic/Vehicle Count: 36,200
Highway Access: 4 MILES TO I-94 & 5 MILES TO I-294
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 9
Parking Type: Structure
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: ZONED COMMERCIAL. RETAIL, BUSINESS, OFFICE AND COMMERCIAL ARE APPROVED USES.
Lot Frontage: 52
Lot Depth: 115
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,608 265,325 730,373
Median Age: 38.71 37.99 35.72
Households: 10,074 94,834 248,835

Contact

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