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

  • $1,425,000
  • $1,425,000
109-119 W Grand Avenue, Melrose Park, IL 60164
For Sale
109-119 W Grand Avenue, Melrose Park, IL 60164
  • $1,425,000
  • $1,425,000

Overview

Property ID: 16954131
  • Commercial Sale
  • Property Type
  • 1961
  • Year Built

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.

  • Address 109-119 W Grand Avenue
  • City Melrose Park
  • State/county IL
  • Zip/Postal Code 60164
  • Country United States

Details

Updated on August 23, 2024 at 2:22 pm
  • Property ID: 16954131
  • Price: $1,425,000
  • Year Built: 1961
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 6950
  • MLS#: MRD11978478
  • Office Name: ALEXANDER REALTY LLC
  • Agent Name: David San Jose
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD1973
  • List Agent MLSID: MRD251707
  • List Date: 2024-02-14T00:43:21.000Z
  • Roof: Membrane
  • Cooling: Central Air,Central Individual
  • Tax Annual: 49054.9
  • Tax Year: 2021
  • County: Cook
  • Property SubType: Strip Center

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