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3897-3911 Sauk Trl
Richton Park, IL 60471
Retail Property For Sale
Investment Highlights
- 27,000 Vehicles per day
- Possibility to divide into 6 storefronts
- Zoning allows for Cannabis retail and grow with SUP
Executive Summary
Clean 8,500 sq/ft, 4 unit commercial storefront on busy Sauk Trail with over 27,000 vehicles passing by per day. The building is 89% leased with strong long term tenants like Statefarm and Xtra Cute Salon. The building could be reconverted back to 6 units in the future and after the recent tax reduction the building will have cash flow once 100% leased. The building sits on nearly .7 acres and has over 40 parking spaces in the front and rear of the building. Zoning is special because it allows most business/office/restaurant use plus the option for Cannabis retail and growth with a special use permit. Zoning allows for mixed use so you could add an apartment to either building to qualify for residential taxation. Taxes were successfully appealed and will be $56,803 in 2025 and cap rate will be over 7% in 2025.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,467 SF
Building Class
C
Year Built
1990
Price
$385,000
Price Per SF
$45.47
Cap Rate
7.31%
NOI
$28,157
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.63 AC
Zoning
TC-1 - Town Center Core Commercial/Mixed Use District, retail, office and Cannabis
Parking
40 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
213’ on Sauk Trl
Amenities
- Bus Line
- Commuter Rail
- Air Conditioning
Property Taxes
| Parcel Number | 31-35-100-007-0000 | Improvements Assessment | $111,344 |
| Land Assessment | $21,906 | Total Assessment | $133,250 |
Property Taxes
Parcel Number
31-35-100-007-0000
Land Assessment
$21,906
Improvements Assessment
$111,344
Total Assessment
$133,250
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