4880 W Euclid Ave - Storefront Retail/Office FOR SALE


Palatine, IL 60067
$1,100,000 USD
630-435-3500
4880 W Euclid Ave, Palatine, IL for Sale
$1,100,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 7.76% Cap Rate

4880 W Euclid Ave
Palatine, IL 60067


OVERVIEW

100% leased!! Cap rate 7.76!! Discover an exceptional value-added opportunity with this strategically located strip mall, perfect for savvy investors. This property boasts great visibility and is situated in a high-income neighborhood, with an impressive average household income of 163K within a 1-mile radius. The area is bustling with a large population of 255,350 residents within a 5-mile radius, ensuring a steady stream of potential customers. * Leasable Area (GLA): 7,241 sf * Total number of parking: 40 * Lot size: 0.614 acre * High Traffic: Approximately 20,000 cars pass by daily, offering maximum exposure for your tenants. * Low Maintenance: Tenants are responsible for all utilities. * Modern Upgrades: Recently sealed parking lot, new LED lights in the common area, and a refreshed facade enhance the property's appeal. * Versatile Space: The current vacant space was previously a dental office, featuring medical/dental office-ready plumbing and layout, perfect for similar businesses. * 0.6 miles from the Highway 53 interchange - 157,000 VPD Seize this fantastic opportunity to invest in a property with immense potential in a thriving area. Contact us today to learn more and schedule a viewing!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C-1

APN/PARCEL ID

02-27-207-006-0000

ASK ABOUT THIS PROPERTY

Sang HanPlatinum Partners RealtorsMore Info
630-435-3500

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Sang HanPlatinum Partners RealtorsMore Info
630-435-3500

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