1036 Sterling Ave
Flossmoor, IL 60422
Retail Property For Sale

The 1036 Sterling Avenue is a 3,000 SF two-story, masonry constructed mixed use building with one commercial unit and one residential dwelling. The building was built in 1927 and has been fully modernized. Not included in the sale is the brick garage at the rear of the 1036 Sterling property. The building has been very well maintained and offers a rich blend of Tudor style architectural details. This is an ideal investment property for an investor looking for a long-term hold in an irreplaceable location. The property benefits from the favorable Cook County mixed-use tax classification in which the properties are assessed at 10% of market value versus 25% for commercial buildings. This favorable tax treatment provides a competitive market rental rate advantage over the competition. The subject property is located at 1036 Sterling Ave in the Village of Flossmoor, Illinois. The community is home to nearly 10,000 individuals and approximately 30 miles south of Chicago. Founded in the late 1890s, Flossmoor has been recognized for its prestigious country clubs and sprawling golf courses. Within a one-mile radius, there are approximately 4,000 households with an average annual household income of $116,721, and an average house value of $287,782. The property is immediately across the street from the Metra Electric (ME) Flossmoor Station and in the heart of Flossmoor's Central Business District. Surrounded by local, regional, and national tenants, including: Flossmoor Station Restaurant & Brewery, Grove Law, Healthy Hounds, Cutter's for Men, Pop'n By, Wendy Schweinfurth, OD & Judy Johnson, DDS, and Tovar Shoe Repair.