1401-1403 N 25th Ave - Freestanding FOR SALE


Melrose Park, IL 60160
$2,430,000 USD
312-269-0220
1401-1403 N 25th Ave, Melrose Park, IL for Sale
$2,430,000 USD
Freestanding - FOR SALE
1/3
null | 7.65% Cap Rate

1401-1403 N 25th Ave
Melrose Park, IL 60160


HIGHLIGHTS

  • All tenants at the property have 5% annual increases, providing an excellent hedge against inflation
  • All tenants maintain their own suites and spaces, including HVAC maintenance, snowplow, trash, and utilities
  • The Village of Melrose Park is no longer issuing new licenses for body part shops in this area, limiting future competition
  • Positioned in a high-density urban pocket of the Chicago MSA, this site offers immediate access to 75,000 residents within 2 miles
  • All tenants at the property have provided significant and non-refundable deposits, move-in fees, security deposits, and funded 100% of their own build
  • Surrounded by tenants such as; Kronos International Shippers, Interlake Mecalux, Freeway Insurance, United States Postal Service, and more

OVERVIEW

Significant Annual Increases All tenants at the property have 5% annual increases, providing an excellent hedge against inflation Melrose Park Use Restrictions The Village of Melrose Park is no longer issuing new licenses for body part shops in this area, limiting future competition Tenant Heavy Investment All tenants at the property have provided significant and non-refundable deposits, move-in fees, security deposits, and funded 100% of their own build outs No Landlord Responsibilities All tenants maintain their own suites and spaces, including HVAC maintenance, snowplow, trash, and utilities Irreplaceable Location Positioned in a high-density urban pocket of the Chicago MSA, this site offers immediate access to 75,000 residents within 2 miles Neighboring Tenants Surrounded by tenants such as; Kronos International Shippers, Interlake Mecalux, Freeway Insurance, United States Postal Service, Al Piemonte Ford, Menards, and more

FOR SALE DETAILS

PRICE

$2,430,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

I

APN/PARCEL ID

15-03-300-027-0000

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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