$205.04 Per Sq Foot $7,650 est/mo Sourced by Back At You

109-119 W Grand Avenue,Melrose Park, IL 60164

Melrose Park IL, 60164

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Description

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.

Details

MLS#11978478
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1961
Days On Site105
Listing Provided ByAlexander Realty LLC | David San Jose

Features

SQ Feet6,950
Story(s)1
Units6
ZoningCOMMR

Market Activity 60164

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Learn More About This Property

StateIL
CountyCook
CityMelrose Park
Zip Code60164
AreaMelrose Park
Listing VS Median (in 60164)
Price:
$1,425,000
low | high
Med:
$299,000
100% of Average
SqFt:
6,950
low | high
Med:
1,224
100% of Average
$ / SqFt:
$205
low | high
Med:
$244
30.859419791308% of Average
On Site:
105
low | high
Med:
17.000000
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 3:02:21 PM PDT