Melrose Park IL Commercial for Sale
- Type:
- Other
- Sq.Ft.:
- 2,853
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1955
- Baths:
- MLS#:
- 12145073
View additional info
Courtesy: RE/MAX All Pro - Sugar Grove
630-391-4800
ADDITIONAL INFORMATION
Prime Northlake Investment Opportunity with High Visibility and Diverse Income Streams; This exceptional property on North Ave. in Northlake boasts a prime location with high traffic daily, ensuring exceptional visibility for your business. Mixed in close proximity many industrial and residential homes to benefit from the services offered here. Currently features a mix of established tenants - a hair and nail salon, pizza and Italian restaurant, and a leased 2 bedroom apartment - providing a diversified income stream and a wealth of options for future use. The brick beautiful building features large windows offering an abundance of natural light. Newer Roof and Hot Water Heaters. The space is both attractive and unique. Restaurant boasts an updated entry with seating area, order window and efficient kitchen with all the kitchen equipment staying (Walk-in refrigerator and 2 uprights, 4 freezers, large pizza ovens, oven/stove, large dough mixer, storage units, & more). Well Established business with same owners for 38 years! Salon operated by renters offers a large open area with private bath, and storage area. Enjoy tenant income or open up to extend restaurant seating area. Spacious 2 bedroom 1 bath apartment in the back enjoys the beautiful yard with covered patio currently rented boasts gleaming hardwood floors, retro cabinets and counters in eat in kitchen and bath. ALL units have Separate Water, Gas and Electric allowing independent utility management. Abundance of storage in the Full basement with exterior entrance. Ample on-site parking makes this a perfect choice for businesses seeking a convenient high-traffic location. This incredible property won't last long! Don't miss your chance to invest in a prime location with established business with additional rental income or bring your creativity and the options could be endless! Retiring Owners Will Look At All Serious Offers!!!!
- Type:
- Other
- Sq.Ft.:
- 6,950
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1961
- Baths:
- MLS#:
- 11978478
View additional info
Courtesy: Alexander Realty LLC
708-878-7213
ADDITIONAL INFORMATION
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.
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Melrose Park Real Estate
The median home value in Melrose Park, IL is $244,900. This is lower than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Melrose Park, IL is $244,900. Approximately 64.81% of Melrose Park homes are owned, compared to 30.59% rented, while 4.6% are vacant. Melrose Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melrose Park real estate agent to arrange a tour today!
Melrose Park, Illinois 60164 has a population of 12,836. Melrose Park 60164 is more family-centric than the surrounding county with 31.3% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Melrose Park, Illinois 60164 is $64,792. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Melrose Park 60164 is 37.7 years.
Melrose Park Weather
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 38.1 inches per year, with 34.3 inches of snow per year.