7606 W Touhy Ave - Auto Repair FOR SALE


Chicago, IL 60631- Edison Park
$3,278,000 USD
773-562-6999
7606 W Touhy Ave, Chicago, IL for Sale
$3,278,000 USD
Auto Repair - FOR SALE
1/10
null | 7.1% Cap Rate

7606 W Touhy Ave
Chicago, IL 60631
Edison Park


HIGHLIGHTS

  • Property is nestled in densely populated area.
  • Property is viewed by 19,700 vehicles per day.

OVERVIEW

Transwestern Commercial Services, a full service commercial real estate firm, as exclusive broker, is pleased to offer for sale the single tenant Caliber Collision (“Property” or “The Property”) located in Chicago, Illinois. The Property is located in the Edison Park neighborhood of Chicago at 7606 W Touhy Ave, Chicago, 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 8,900 square feet of building built in 1960. The Property benefits from being located on heavily traveled Touhy Avenue (19,700 vehicles per day), a major east-west thoroughfare that travels through and connects many of the immediate northern suburbs of Chicago. The area is extremely infill and affluent with over 166,105 people in a three-mile radius boasting average household incomes above $144,000. The immediate trade area is surrounded by single-family homes and is located just east of downtown Park Ridge which is an area that contains new multi-family apartments and major retail tenants including Whole Foods, Starbucks, Trader Joe’s, Jersey Mike’s Subs, City Barbeque, Anywhere Fitness and many others. The Property is in the O’Hare Retail Submarket with a total inventory of 12.9 million SF of retail space and a low vacancy factor of 4.2%. There is almost no new construction of retail space in this submarket. The average sub-market asking rent is $20.60 PSF Net

FOR SALE DETAILS

PRICE

$3,278,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,018 SF

ZONING

B3-1

APN/PARCEL ID

09-25-328-029-0000,09-25-328-030-0000,09-25-328-031-0000,09-25-328-032-0000,09-25-328-033-0000,09-25-328-034-0000,09-25-328-035-0000

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.