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515 Park Dr 2,370 SF Retail Building Kenilworth, IL 60043 $599,000 ($252.74/SF)
Investment Highlights
- Single-story commercial building with great visibility and location
- Perfect for any retail, office or service business
- Potential for assemblage of up to 11,000 SF of land
- Across the street from the Kenilworth Metra train station with Easy street parking
- Flexible B Business zoning allows for many possible uses including retail, residential, office, mixed-use as well as a 3+ story structure
- Located in Kenilworth's TIF District
Executive Summary
Huge Price Reduction!
First time on the market in 50 years. This well-located retail building is located on Park Drive across from the Metra station in Kenilworth, IL - one of Chicago's wealthiest communities. The long-time home of The Federalist Antiques, the property is a 2370 SF single-story commercial building that could accommodate any retail, office, or service business. Great street parking and visibility. The property is situated in Kenilworth's B-Business District as well as the village's TIF district. Current zoning would allow for a 3+ story structure to be built on the site. It is also adjacent to several other properties that could accommodate an assemblage of up to approx. 11,000 SF of land for new development.
First time on the market in 50 years. This well-located retail building is located on Park Drive across from the Metra station in Kenilworth, IL - one of Chicago's wealthiest communities. The long-time home of The Federalist Antiques, the property is a 2370 SF single-story commercial building that could accommodate any retail, office, or service business. Great street parking and visibility. The property is situated in Kenilworth's B-Business District as well as the village's TIF district. Current zoning would allow for a 3+ story structure to be built on the site. It is also adjacent to several other properties that could accommodate an assemblage of up to approx. 11,000 SF of land for new development.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,370 SF
Building Class
B
Year Built
1949
Price
$599,000
Price Per SF
$252.74
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.05 AC
Zoning
B
Amenities
- Metro/Subway
Moderately walkable
60/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-28-217-032-0000 | Improvements Assessment | $85,625 |
| Land Assessment | $29,625 | Total Assessment | $115,250 |
Property Taxes
Parcel Number
05-28-217-032-0000
Land Assessment
$29,625
Improvements Assessment
$85,625
Total Assessment
$115,250
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515 Park Dr