This Retail Property is Off-Market.

3511-3521 W. Lake St.
Melrose Park, IL 60160 ·

17,600 SF · Retail For Sale

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3511-3521 W. Lake St.

Price N/A Occupancy 100%
Gross Leasable Area 17,600 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type
Strip Center
More...
  • Community Center
Year Built 1990
Property Use Type Investment Lot Size 17,600 SF
Commission Split 2.25% APN / Parcel ID 15043070190000
Cap Rate 7.21% Parking Ratio 8.60 / 1,000 SF
Listing ID: 14513509 Date Created: 02/22/2006 Last Updated: 05/06/2006

Description

Melrose Park strip center originally 5 store/office units now 3 units occupied by long term tenants; Dental office consists of 3 units converted to one & American General Finance Co. one unit. The third unit is vacant for owner/user, will be leased upon Buyers request. Parking in front and in rear lot which is included in this price. Building 7,000 Sq. Ft. ($180 Per Sq. Ft. Bldg.) Land is 17,600 Sq. Ft. MLS Listing # 06050869

Near Hospital, Bus Depot, O'Hare Airport, High Traffic Location.

Highlights

  • 7.21% CAP AT LIST PRICE
  • Long Term Tenants
  • Extra Parking Front & Back Lot/Bldg. 7,000Sq. Ft.
  • Professional Modern Center
  • Mostly Triple Net Leases
  • High Traffic Location

Research

3511-3521 W. Lake St., Melrose Park, IL 60160 (Cook County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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