Richton Park IL Commercial for Sale
- Type:
- Other
- Sq.Ft.:
- 8,456
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1990
- Baths:
- MLS#:
- 12189400
View additional info
Courtesy: xr realty
773-234-8155
ADDITIONAL INFORMATION
Clean 8,400 sq/ft, 4 unit commercial storefront on busy Sauk Trail with over 27,000 vehicles passing by per day. The building 5 out of 6 are leased with strong long term tenants like Statefarm and Xtra Cute Salon. The building could be reconverted back to 6 units in the future and after the recent tax reduction the building will have cash flow. The building sits on nearly .7 acres and has over 40 parking spaces in the front and rear of the building. Zoning is special because it allows most business/office/restaurant use plus the option for Cannabis retail and growth with a special use permit. Zoning allows for mixed use so you could add an apartment to either building to qualify for residential taxation. Taxes were appealed successfully and new taxes for 2025 will be less and the cap rate will be over 7 in 2025.
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Richton Park Real Estate
The median home value in Richton Park, IL is $200,600. 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 Richton Park, IL is $200,600. Approximately 50.22% of Richton Park homes are owned, compared to 42.62% rented, while 7.16% are vacant. Richton 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 Richton Park real estate agent to arrange a tour today!
Richton Park, Illinois 60471 has a population of 12,867. Richton Park 60471 is less family-centric than the surrounding county with 15.73% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Richton Park, Illinois 60471 is $65,132. 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 Richton Park 60471 is 41.9 years.
Richton Park Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 40.7 inches per year, with 28 inches of snow per year.