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1465 W Lake St
Addison, IL 60101
Retail Property For Sale
Investment Highlights
- Timeless building design. Surrounded by a full range of retailers, hospitality, health care, high and low density housing, preserves and parks.
Executive Summary
Efficient fast food site at the primary entrance to a retail center anchored by LA Fitness. Excellent proximity to the Veterans Memorial Tollway and Dwight Eisenhower Expressway. Ample parking in close proximity. Excellent visibility on US 20 / Lake Street.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,474 SF
Building Class
B
Year Built/Renovated
1969/2019
Price
$1,395,000
Price Per SF
$563.86
Cap Rate
5.86%
NOI
$81,756
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.41 AC
Zoning
C
Parking
20 Spaces (8.08 Spaces per 1,000 SF Leased)
Frontage
111’ on Ulysses S Grant Memorial
Amenities
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 03-19-201-013 | Improvements Assessment | $76,048 |
| Land Assessment | $109,259 | Total Assessment | $185,307 |
Property Taxes
Parcel Number
03-19-201-013
Land Assessment
$109,259
Improvements Assessment
$76,048
Total Assessment
$185,307
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