109-119 W Grand Ave - Freestanding FOR SALE


Melrose Park, IL 60164
$1,425,000 USD
708-878-7213
109-119 W Grand Ave, Melrose Park, IL for Sale
$1,425,000 USD
Freestanding - FOR SALE
1/38
null | 7% Cap Rate

109-119 W Grand Ave
Melrose Park, IL 60164


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Located on a VERY busy street with an extremely high (Vehicle Per Day) count
  • Residential neighborhood is located directly behind the strip mall

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

C

APN/PARCEL ID

12-29-311-021-0000

ASK ABOUT THIS PROPERTY

Jose JorgeAlexander Realty, LLCMore Info
708-878-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jose JorgeAlexander Realty, LLCMore Info
708-878-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.