3897-3911 Sauk Trl - Freestanding FOR SALE


Richton Park, IL 60471
$385,000 USD
708-250-4001
3897-3911 Sauk Trl, Richton Park, IL for Sale
$385,000 USD
Freestanding - FOR SALE
1/10
null | 7.31% Cap Rate

3897-3911 Sauk Trl
Richton Park, IL 60471


HIGHLIGHTS

  • 27,000 Vehicles per day
  • Zoning allows for Cannabis retail and grow with SUP
  • Possibility to divide into 6 storefronts

OVERVIEW

Clean 8,500 sq/ft, 4 unit commercial storefront on busy Sauk Trail with over 27,000 vehicles passing by per day. The building is 89% leased with strong long term tenants like Statefarm and Xtra Cute Salon. The building could be reconverted back to 6 units in the future and after the recent tax reduction the building will have cash flow once 100% leased. The building sits on nearly .7 acres and has over 40 parking spaces in the front and rear of the building. Zoning is special because it allows most business/office/restaurant use plus the option for Cannabis retail and growth with a special use permit. Zoning allows for mixed use so you could add an apartment to either building to qualify for residential taxation. Taxes were successfully appealed and will be $56,803 in 2025 and cap rate will be over 7% in 2025.

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

7.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

CROSS STREETS

Governors Hwy

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

TC-1

APN/PARCEL ID

31-35-100-007-0000

ASK ABOUT THIS PROPERTY

Adam RamahiXR RealtyMore Info
708-250-4001

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Adam RamahiXR RealtyMore Info
708-250-4001

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