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Listed by Sabrina Gloverof Platinum Partners Realtors
$2,200,000
Est. payment /mo
5,120 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $429
MLS Listing ID 12786969
Year Built 1979
Annual Tax Amount $31,378
Tax Year 2025
Lot Size 1.290 Acres
Lot Dimensions 56221
Property Sub-Type Retail/Stores
Property Description
Three income streams and prominent North Ave frontage anchor this commercial investment opportunity, bringing together 2 properties on 1.29 acres. The offering includes a 3,900 SF restaurant building, a 1,220 SF automotive dealership building and an income producing billboard, with reported combined annual rental income of $162,406. The restaurant tenant, automotive dealership tenant and billboard provide diversified rental income within an established commercial corridor surrounded by retail, dining and neighborhood businesses. The combined 56,221 SF site pairs reported rental income with potential future rental growth as lease terms and market conditions allow. Longer term repositioning or redevelopment may offer additional possibilities, subject to zoning and municipal approvals. North Ave visibility and multiple revenue sources make this offering a compelling option for investors seeking current rental income and future potential.
Location
State IL
County Dupage
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com