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3230 Harlem Ave 12,434 SF 100% Leased Retail Building Riverside, IL 60546 $1,200,000 ($96.51/SF) 6.90% Cap Rate
Executive Summary
DESIRABLE RIVERSIDE NEIGHBORHOOD
An affluent and historic suburb, located 10 miles west of downtown Chicago, offers a rare blend of small town charm and convenient access to Chicago’s urban core
VALUE-ADD MIXED-USE
Two-story brick building with (9) units - (2) 2-bed, (2) 3-bedand (5) ground-floor retail spaces. Apartment rents are $150-$300 below market, and retail rents on average are $300below market, offering future ownership the opportunity to increase revenue
HIGH VISIBILITY ALONG HARLEM AVENUE
Situated on ±115 feet of frontage along one of the village’s main commercial corridors (28,654 VPD), the Property benefits from outstanding visibility and exposure to both foot and vehicle traffic.
TRANSIT-ORIENTED LOCATION
Within walking distance to Harlem Avenue and Berwyn Metra stations, as well as multiple Pace bus stops along Harlem Avenue, offering a commuter-friendly location ideal for both residential and retail tenants.
An affluent and historic suburb, located 10 miles west of downtown Chicago, offers a rare blend of small town charm and convenient access to Chicago’s urban core
VALUE-ADD MIXED-USE
Two-story brick building with (9) units - (2) 2-bed, (2) 3-bedand (5) ground-floor retail spaces. Apartment rents are $150-$300 below market, and retail rents on average are $300below market, offering future ownership the opportunity to increase revenue
HIGH VISIBILITY ALONG HARLEM AVENUE
Situated on ±115 feet of frontage along one of the village’s main commercial corridors (28,654 VPD), the Property benefits from outstanding visibility and exposure to both foot and vehicle traffic.
TRANSIT-ORIENTED LOCATION
Within walking distance to Harlem Avenue and Berwyn Metra stations, as well as multiple Pace bus stops along Harlem Avenue, offering a commuter-friendly location ideal for both residential and retail tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,434 SF
Building Class
C
Year Built
1928
Price
$1,200,000
Price Per SF
$96.51
Cap Rate
6.90%
NOI
$82,759
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.23 AC
Frontage
58’ on Harlem Ave
Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-36-209-017-0000 | Improvements Assessment | $78,570 |
| Land Assessment | $16,230 | Total Assessment | $94,800 |
Property Taxes
Parcel Number
15-36-209-017-0000
Land Assessment
$16,230
Improvements Assessment
$78,570
Total Assessment
$94,800
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3230 Harlem Ave
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