519 Park Dr - Storefront Retail/Office FOR SALE


Kenilworth, IL 60043
$775,000 USD
312-529-5791
519 Park Dr, Kenilworth, IL for Sale
$775,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

519 Park Dr
Kenilworth, IL 60043


HIGHLIGHTS

  • Approx. 6,200 SF land site with existing 5,775 SF 3-story mixed-use building with easy street parking
  • Flexible B Business zoning allows for many possible uses including retail, office/medical, residential condos/apartments
  • Great visibility and location - across the street from the Kenilworth Metra train station - located in Kenilworth's TIF District
  • Available assemblage with adjacent property would allow for over a 30,000 SF new building
  • Incredible demographics with over $430K average annual income and over $1 million average home value
  • Located in Kenilworth's TIF District

OVERVIEW

SVN Chicago Commercial is pleased to present 519 Park Drive in Kenilworth, IL - an affluent north suburb of Chicago. This opportunity consists of an approx. 6,200 SF land site with an existing ±5,775 SF, 3-story mixed-use building and a rear parking area. Existing B zoning would allow for a mixed-use, or office development approx. 35ft high and approx. 22,000 SF. Potential uses are office, retail/restaurant, residential condos, or apartments with ground-floor commercial space and on-site parking. The existing building is suitable for an owner/user. The site can also be combined with an adjacent ±2,370 SF site, bringing the total potential buildable square footage to over 30,000 SF. Priced to sell at approx. $35/buildable SF. The property also sits in Kenilworth's Green Bay Road TIF district.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B

APN/PARCEL ID

05-28-217-030-0000

ASK ABOUT THIS PROPERTY

312-529-5791

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312-529-5791

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