847-780-8063
1501-1527 W North Ave, Melrose Park, IL for Sale
Freestanding - FOR SALE
1/9
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1501-1527 W North Ave
Melrose Park, IL 60160


HIGHLIGHTS

  • Rare opportunity to acquire a positive cash flowing retail center with the ability to add value through lease-up
  • Conveniently located in Melrose Park’s primary trade corridor with 277' of frontage along North Avenue
  • Five (5) of the eight (8) tenants are on NNN leases
  • Dual-sided monument signage at the corner of the signalized intersection providing visibility and expose to approx. 48,000 VPD

OVERVIEW

Multi-tenant retail center located in west suburban Melrose Park (Chicago MSA). The center was renovated in 2011 and consists of approximately 42,000 SF across 11 units. Tenants include Foremost Liquors, H&R Block, Subway, Everyday Black Friday and Furniture, #1 Nails, Hanna’s Gaming, and Big Cloud Vape & Tobacco. The center features excellent frontage along North Avenue (277’) and dual-sided pylon signage at the corner of the signalized intersection at North Avenue & 15th Avenue, featuring visibility and exposure to approx. 48,000 VPD. The center is well located within the North Avenue retail corridor. Neighboring retailers include Costco, Target, Jewel-Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Five Below, Dollar Tree, AutoZone, Raising Cane’s, Panda Express, Chipotle and Starbucks, among others

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silo Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

12-34-403-013-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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