1401-1403 N 25th Ave - Freestanding FOR SALE


Melrose Park, IL 60160
$2,295,000 USD
312-269-0220
1401-1403 N 25th Ave, Melrose Park, IL for Sale
$2,295,000 USD
Freestanding - FOR SALE
1/3
null | 8.1% 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 Grandfathered Auto Use The property benefits from a grandfathered designation for auto users in an area where new mechanic and auto body shop licenses are extremely limited—creating a valuable barrier to entry for future competitors 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

$2,295,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

8.1%

% 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.