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$ 1,425,000
Est. payment /mo
Active
109-119 W Grand AVE Melrose Park, IL 60164
6,950 SqFt
UPDATED:
01/22/2025 06:48 PM
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 6,950 sqft
Price per Sqft $205
MLS Listing ID 11978478
Year Built 1961
Annual Tax Amount $68,740
Tax Year 2023
Lot Dimensions AS PER SURVEY
Property Sub-Type Retail/Stores
Property 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.
Location
State IL
County Cook
Area Melrose Park
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
Roof Type Membrane
Building
Dwelling Type Retail/Stores
Level or Stories 1
Structure Type Brick,Wood Frame
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by David San Jose • Alexander Realty LLC
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