6305 Ogden Ave - Auto Repair FOR SALE


Berwyn, IL 60402- West Cook
$2,612,000 USD
773-562-6999
6305 Ogden Ave, Berwyn, IL for Sale
$2,612,000 USD
Auto Repair - FOR SALE
1/8
null | 7.25% Cap Rate

6305 Ogden Ave
Berwyn, IL 60402
West Cook


HIGHLIGHTS

  • Property is located in high traffic retail sub-market.
  • Property has great visibility seeing 22,600 vehicles per day.

OVERVIEW

Transwestern Commercial Services, a full service commercial real estate firm, as exclusive broker, is pleased to offer for sale the two-tenant Caliber Collision and Enterprise Rent-a-Car (“Property” or “The Property”) located in Berwyn (Chicago), Illinois. The Property is located at 6305 Ogden Ave, Berwyn, Illinois. It offers an investor a terrific opportunity to own a retail asset situated in an infill, high-density, high traffic, retail sub-market, at a location with a long operating history and minimal landlord responsibilities. The Property consists of 0.76 acres of land and 15,010 square feet of building. The Property benefits from being located on heavily traveled Ogden Avenue (22,600 vehicles per day), a major east-west thoroughfare that connects the city of Chicago to many of the southwest suburbs. The area is extremely infill with over 230,000 people in a three-mile radius and 667,000 people in a five-mile radius. The immediate trade area boasts other major tenants including MacNeal Hospital, PNC Bank, Byline Bank, Walgreens, Taco Bell, Midas, Safelite, AutoZone, Dollar Tree, Chase Bank, McDonald’s and many others. The Property is in the Cicero/Berwyn Retail Submarket with a total inventory of 11.1 million SF of retail space and a low vacancy factor of 4.6%. There is almost no new construction of retail space in this submarket. The average sub-market asking rent is $19.08 Net.

FOR SALE DETAILS

PRICE

$2,612,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C-4

APN/PARCEL ID

16-32-119-009-0000,16-32-119-031-0000

ASK ABOUT THIS PROPERTY

Andrew WatsonTranswestern Commercial ServicesMore Info
773-562-6999

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Andrew WatsonTranswestern Commercial ServicesMore Info
773-562-6999

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