43W407 US Highway 20 - Storefront Retail/Residential FOR SALE


Pingree Grove, IL 60140
$590,000 USD
847-854-2300
43W407 US Highway 20, Pingree Grove, IL for Sale
$590,000 USD
Storefront Retail/Residential - FOR SALE
1/18
null | Request Cap Rate

43W407 US Highway 20
Pingree Grove, IL 60140


HIGHLIGHTS

  • Two-story retail building configured as an established antique shop with approximately 30 vendor spaces.
  • Includes a non-conforming two- to three-bedroom apartment with rental potential.
  • Convenient on-site parking with handicap-accessible entrances on both front and side.
  • Strong corner visibility on US Highway 20 and close proximity to IL Route 47 for regional connectivity.

OVERVIEW

Investment opportunity at a prominent corner location along US Highway 20 and IL Route 47 in Pingree Grove. This property offers 6,174 square feet of multi-level retail space, currently operated as an established antique shop. The building spans two floors featuring approximately 30 individual rentable vendor areas, creating multiple revenue streams. The property also includes a non-conforming upstairs apartment of about 1,000 square feet that can serve as additional rental income. Ample parking is available on the front and side of the building, with accessible entrances to accommodate customers and tenants. Additional adjacent parcels and buildings can be acquired to expand the commercial footprint, making this investment a versatile option for future growth. All buildings currently generate rental income, offering an immediate return to investors seeking a revenue-producing asset in a visible, high-traffic corridor.

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C2

APN/PARCEL ID

02-30-400-003

ASK ABOUT THIS PROPERTY

Sharon GlasshofPremier Commercial RealtyMore Info
847-854-2300

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Sharon GlasshofPremier Commercial RealtyMore Info
847-854-2300

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