MIXED USE BUILDING IN BERWYN

Retail-Commercial for Sale
Catylist Listing ID: 30207886
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 6,889 SF
Gross Building Area: See Agent
Gross Land Area: 7,800 SF
Sale Price: $774,900
Unit Price: $112.48 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 7.85%
Last Updated: 1/17/2019

Overview / Comments

FULLY LEASED WELL CARED FOR MIXED USE BUILDING ON OGDEN AVE. IN BERWYN. THE BUILDING HAS 3 STOREFRONTS, ONE OFFICE, TWO 2 BR APARTMENTS & ONE 1 BR APARTMENT. IT HAS HAD MANY RENOVATIONS INCLUDING: NORTH, WEST & SOUTH-FACING BRICKWORK HAS BEEN REPLACED, ALL NEW EXTERIOR WINDOWS EXCEPT FOR SOME STOREFRONTS, ALL A/C & FURNACE UNITS REPLACED, ALL NEW PLUMBING IN BASEMENT, SEWER PIPES REPLACED, PARKING LOT REPAVED, ADDED LAUNDRY ROOM AND FIRE ALARM INSTALLED. NEW ROOF IN 2016, STRONG CAP RATE WITH STRONG LEASES. TRAFFIC COUNTS ARE 23,000 VPD.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $13,421 (Annual)
Gross Operating Income $81,900 (Annual)
Net Operating Income $60,456 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Zoning: C-4
Retail Clientele: General, Family, Business
Property Located Between: RIDGELAND AVE. & CICERO AVE.
Property Visibility: Excellent
Largest Nearby Street: OGDEN
Feet of Frontage: 95
Traffic/Vehicle Count: 23,000
Highway Access: 1.7 MILES AWAY FROM I-55. 1.8 MILES FROM CICERO AVE.
Airports: LESS THAN 3 MILES TO CHICAGO'S MIDWAY AIRPORT
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Renovated: 2012
Construction/Siding: Block, Brick
Total Parking Spaces: 12
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: ZONING ALLOWS BUSINESS, COMMERCIAL, OFFICE AND RESIDENTIAL
Lot Frontage: 95
Lot Depth: 126
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 43,249 296,814 899,847
Median Age: 33.02 32.63 32.33
Households: 14,345 94,364 286,457

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