830 W Lake St - Retail FOR SALE


Addison, IL 60101
$725,000 USD
312-637-6582
830 W Lake St, Addison, IL for Sale
$725,000 USD
Retail - FOR SALE
1/8
null | Request Cap Rate

830 W Lake St
Addison, IL 60101


HIGHLIGHTS

  • Development Potential
  • Strategic Retail Location
  • High Traffic Counts
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 830 W Lake Street in Addison, Illinois (the “Property”). The Property is improved by three buildings with a combined 3,129 square feet on a 0.66-acre parcel (28,750 square feet). The Property is currently occupied on a month-to-month basis as Highway Sales & Services, Inc and can be delivered vacant or with the tenant in place. 830 W Lake Street is zoned B-3 Service Business District, one of the most versatile zoning designations in Addison. The Property is well-located along W Lake Street (US Route 20), one of the area’s primary commercial corridors and enjoys outstanding visibility and frontage. The Property is 1.5-miles from IL Route 53 and Interstate 355, and 2-miles from Interstate 290. The location is surrounded by densely developed residential neighborhoods that provide a strong consumer and employee base, as well as national retailers that drive traffic to the area. 830 W Lake Street offers the opportunity for an owner-user to occupy the Property, to lease the Property as an investment opportunity, or to redevelop the Property.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,214 SF

ZONING

C

APN/PARCEL ID

03-20-116-042

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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