729 E North Ave - Restaurant FOR SALE


Glendale Heights, IL 60139- Glen Ellyn to West Chicago Corridor
$1,450,000 USD
630-728-3459
729 E North Ave, Glendale Heights, IL for Sale
$1,450,000 USD
Restaurant - FOR SALE
1/6
null | 7.69% Cap Rate

729 E North Ave
Glendale Heights, IL 60139
Glen Ellyn to West Chicago Corridor


HIGHLIGHTS

  • High Traffic
  • Fully Leased
  • Steady Rental Income

OVERVIEW

Prime Location! Lucrative investment with this well positioned free standing restaurant. Boasting 5,276 square feet of gross leasable area on a spacious 0.82-acre lot, this property offers not only great steady income, but ample room for expansion and development. The property has tenant specific improvements and is currently 100% leased to a long-term tenant, offering immediate cash flow and stability. Ample parking with a ratio of 9.48 spaces per 1,000 square feet, totaling 50 on-site parking spaces. Strategically located along East North Avenue with exposure to 57,300 vehicles daily, providing excellent visibility and accessibility. Situated in a vibrant commercial area with high traffic, ideal for attracting a diverse customer base. Surrounded by thriving businesses and residential communities, offering a dynamic environment for continued growth and development. Convenient access via Interstate 355, just a five minute drive from the highway, ensuring ease of commute for patrons and employees alike. Close proximity to O’Hare International Airport (16 miles) and Chicago Midway International Airport (30 miles), ensuring convenient travel connections. Located approximately 30 miles from Chicago’s Central Business District, accessible via the Metra’s UP-W train line for added convenience. Whether you're expanding your portfolio or seeking a dependable income-producing asset, 729 E North Ave presents a rare opportunity to acquire a stabilized property with long-term upside. Net Operating Income of over $111,456 annually Current Rent: $9,288/month | $111,456/year Lease Type: NNN (Tenant responsible for all expenses including taxes, insurance, CAM, parking lot, HVAC, roof, and maintenance) Lease Term: Through August 2029 Escalations: 3% annual increases Tenant: Long-term, stable restaurant operator with strong local presence Contact us today to schedule a viewing and secure your place in one of Chicagoland’s most active commercial corridors.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

7.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,087 SF

ZONING

C

APN/PARCEL ID

05-02-203-025

ASK ABOUT THIS PROPERTY

Danny GloverPlatinum Partners RealtorsMore Info
630-728-3459

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Danny GloverPlatinum Partners RealtorsMore Info
630-728-3459

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