3230 Harlem Ave - Storefront Retail/Office FOR SALE


Riverside, IL 60546
$1,200,000 USD
708-285-0495
3230 Harlem Ave, Riverside, IL for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 6.9% Cap Rate

3230 Harlem Ave
Riverside, IL 60546


OVERVIEW

DESIRABLE RIVERSIDE NEIGHBORHOOD An affluent and historic suburb, located 10 miles west of downtown Chicago, offers a rare blend of small town charm and convenient access to Chicago’s urban core VALUE-ADD MIXED-USE Two-story brick building with (9) units - (2) 2-bed, (2) 3-bedand (5) ground-floor retail spaces. Apartment rents are $150-$300 below market, and retail rents on average are $300below market, offering future ownership the opportunity to increase revenue HIGH VISIBILITY ALONG HARLEM AVENUE Situated on ±115 feet of frontage along one of the village’s main commercial corridors (28,654 VPD), the Property benefits from outstanding visibility and exposure to both foot and vehicle traffic. TRANSIT-ORIENTED LOCATION Within walking distance to Harlem Avenue and Berwyn Metra stations, as well as multiple Pace bus stops along Harlem Avenue, offering a commuter-friendly location ideal for both residential and retail tenants.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Herrick Rd

LAND ACRES

0.23 AC

LAND SF

10,144 SF

ZONING

-

APN/PARCEL ID

15-36-209-017-0000

ASK ABOUT THIS PROPERTY

Christopher MalayGreenstone PartnersMore Info
708-285-0495

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Christopher MalayGreenstone PartnersMore Info
708-285-0495

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