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1508-1510 W 55th St
La Grange Highlands, IL 60525
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,149 SF
Building Class
B
Year Built
1957
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.36 AC
Zoning
B-1 Retail District
Parking
20 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
103’ on W 55th St
Amenities
- Pylon Sign
- Signage
About 1508-1510 W 55TH ST , LA GRANGE HIGHLANDS, IL 60525
Excellent opportunity to own a small income property in a great location in Countryside, Illinois. Two stable tenants with Sherwin Williams Paints and Tower Lighting. Asking Price is 792,000.00 with a 2017 NOI of $74,063.00. This translates to a 9.36% cap rate. Sherwin Williams lease expires May 31, 2020. They have one (1) five year option to renew . Tower Lighting lease expires April 30, 2022. They have one five (5) year option to renew.
Property Taxes
| Parcel Number | 18-08-308-006-0000 | Improvements Assessment | $161,264 |
| Land Assessment | $46,236 | Total Assessment | $207,500 |
Property Taxes
Parcel Number
18-08-308-006-0000
Land Assessment
$46,236
Improvements Assessment
$161,264
Total Assessment
$207,500
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