417-429 Temple Ave - Storefront Retail/Office FOR SALE


Highland Park, IL 60035
$1,600,000 USD
708-943-7253
417-429 Temple Ave, Highland Park, IL for Sale
$1,600,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | Request Cap Rate

417-429 Temple Ave
Highland Park, IL 60035


HIGHLIGHTS

  • 36,428 square footage mixed-use development site across 4 parcels.
  • This is a prime opportunity to develop an iconic property next to downtown Highwood, Illinois.
  • 429 Temple Ave sits a brick commercial building that is built out for restaurant use.
  • 417 Temple sits a frame single family home in need of repairs currently used for storage.

OVERVIEW

Proud to introduce an opportunity to develop a 36,438 SF mixed-use development site. Currently consisting of 4 parcels, the site has not been offered for sale in generations. This is a prime opportunity to develop an iconic property next to downtown Highwood IL. Currently in Highland Park, the property borders Highwood. 2 parcels on Temple Ave consisting of 21,902 SF, have favorable zoning in the B1A Waukegan-Bloom Neighborhood District and have 100' of frontage on Temple. The additional 2 parcels which connect in the rear of the lot and have frontage on Walker Ave are zoned RM1 Medium to High Density Multi-family and adds an additional 14,626 SF bringing the total for all 4 parcels to 36,438 SF. Currently at 429 Temple Ave sits a brick commercial building that is built out for restaurant use. Large seating room and bar along with large kitchen and cooler are on the first floor. On the 2nd floor is another dining room and 2 private rooms. There is also a 2nd kitchen, butler pantry, and office space. Property has hoods and black iron. At 417 Temple sits a frame single family home in need of repairs currently used for storage. The property has 4 bedrooms 1.5 baths, large living room, formal dining room, and kitchen. The Temple property also has a large gravel parking lot, driveway, and 4 car garage. On the Walker property sits a single family home, tenant paying under market rents. PIN #s: 423 Temple (429 Temple) 16143010190000, 417 Temple 16143010140000, 376 Walker 16143010040000 + 16143010030000

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

417-429 Temple Ave - 4 parcels

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

B1A

APN/PARCEL ID

16-14-301-003,16-14-301-004,16-14-301-014,16-14-301-019

ASK ABOUT THIS PROPERTY

Brandon KurdzielUnited Real Estate - ChicagoMore Info
708-943-7253

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Brandon KurdzielUnited Real Estate - ChicagoMore Info
708-943-7253

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