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$ 1,100,000
Est. payment | /mo
7,241 SqFt
$ 1,100,000
Est. payment | /mo
7,241 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 7,241 sqft
Price per Sqft $151
MLS Listing ID 12338601
Year Built 1988
Annual Tax Amount $48,068
Tax Year 2023
Lot Dimensions 296 X 89
Property Sub-Type Retail/Stores
Property Description
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!
Location
State IL
County Cook
Area Palatine
Zoning RTAIL
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
Structure Type Brick,Concrete
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Listed by Sang Han • Platinum Partners Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "