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109 - 119 W Grand Avenue, Melrose Park, IL

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109 - 119 W Grand Avenue

Melrose Park, IL 60164 - O'Hare Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 2012 Year Built:1958
Building Size:6,926 SF Land Area:.47 AC (20,399 SF)
For Sale Price:$925,000 Price/SF:$133.55
Cap Rate:7.55 %
Parking:37 Surface spaces are available; Ratio of 5.34/1,000 SF

- 100% leased strip center for sale.

- 6,926 sf of building situated on +/- 20,400 sf of land.

- Building contains five local tenants that are all on medium to short term leases.

- Current ownership has invested $288,000 in improvements including a new roof, new storefronts, new concrete and asphalt, store build out, new pylon, and store signage.

Sale Notes:
Quantum Real Estate Advisors, Inc. ( QREA ) has been retained to exclusively offer for sale a multi-tenant building located at 109-119 West Grand Avenue in Melrose Park, IL. The approximately 6,926 square foot property is 100% leased.

Quantum Real Estate Advisors, Inc.
Chad M Firsel
(312) 269-0220

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