819 Ridge Rd - Freestanding FOR SALE


Wilmette, IL 60091
$895,000 USD
773-617-7629
819 Ridge Rd, Wilmette, IL for Sale
$895,000 USD
Freestanding - FOR SALE
1/16
null | 6.51% Cap Rate

819 Ridge Rd
Wilmette, IL 60091


HIGHLIGHTS

  • Heavily Trafficked Ridge Road
  • Double Lot In Wilmette
  • Successful Dry Cleaner
  • 5 year lease with annual increases
  • Recent NFR letter
  • Drive through

OVERVIEW

Prime free-standing property in Wilmette IL. The current tenant is month to month but is willing to sign a 5 year lease prior to closing with a corporate guarantee from Lapels corporate. Tenant is a Lapels dry cleaner’s franchisee. The lapels brand is operated at over 500 locations globally. Excellent investment opportunity or owner user opportunity. Property also includes a very large parking lot. The owner has leased out 10 parking spaces to neighboring business. No Landlord responsibilities!

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,768 SF

ZONING

NR

APN/PARCEL ID

05-33-102-044-0000

ASK ABOUT THIS PROPERTY

Kiki RessBHHSCHICAGOMore Info
773-617-7629

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Kiki RessBHHSCHICAGOMore Info
773-617-7629

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