Berwyn, IL 60402 · Retail For Sale
Berwyn National Bank
|Building Size||7,600 SF||No. Stories||2|
|Property Type||Retail||Year Built||1920|
|Property Sub-type||Restaurant||Lot Size||50,000 SF|
|Property Use Type||Vacant/Owner-User||APN / Parcel ID||16301040080000|
|Listing ID: 16989554||Date Created: 01/21/2011||Last Updated: 06/13/2012|
For the right end user, the City will use the following incentives:
- Land write-down to $500,000 for 50,000 square feet of land + historic bank building
- A 100% write down of $500,000 in previous investment
- Expedited Permitting
- Class L Property Tax Exemption
- Historic Income Tax Credits
This iconic structure is currently owned by the City of Berwyn. The City is looking to bring a unique concept to the location that residents will be proud of. The City is willing to be very aggressive with the sale price and will consider lease terms as well.
The building was structurally restored in 2010 and is extremely spacious. Nearly 6,000 SF of open space on the ground floor and an additional 1,600 SF split between two mezzanine areas.
Rather than speculative developers or investors, the offering price is designed to bring a unique end user into the City.
Located in the heart of Berwyn's bustling Cermak Road, the Berwyn National Bank building sits at the crossroads of Cermak Road (33,900 ADT) and Oak Park Ave (11,400 ADT).
Zoned C-2 (General Commercial) with Retail Overlay.
Shared parking with access to the municipal parking lot across the street.
- Perfect for Open-Style Kitchen
- Outstanding Traffic Counts
- Structurally Sound
- Iconic Structure
- Includes Historic Walk-In Vault (x2)
- City Owned - Aggressive Sale and Lease Terms
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