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525 S Addison Rd - 7-11 0.65 Acres of Commercial Land Offered at $469,000 in Addison, IL 60101
Investment Highlights
- IDOT Traffic Count: Approx. 16,300
- Commercial Corner
- Manu Potential Uses
- 3 Curb Cuts
- Zoned B-1
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$7,139
|
$10,983.08
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,139
|
$10,983.08
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $7,139 |
| Annual Per AC | $10,983.08 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $7,139 |
| Annual Per AC | $10,983.08 |
Property Facts
| Price | $469,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 0.65 AC |
| Property Type | Land | ||
| Zoning | B-1 - Local Business District. Dwellings not permitted. Business restricted to not more that 5,000 sf of floor area. | ||
| Price | $469,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.65 AC |
| Zoning | B-1 - Local Business District. Dwellings not permitted. Business restricted to not more that 5,000 sf of floor area. |
1 Lot Available
Lot 68
| Price | $469,000 | Lot Size | 0.65 AC |
| Price Per AC | $721,538.46 |
| Price | $469,000 |
| Price Per AC | $721,538.46 |
| Lot Size | 0.65 AC |
Cleared, Level
Description
Commercial corner and former 7/11 store is available for redevelopment. This high profile corner has two existing curb cuts on Addison and additional curb cut on Lorraine. Adjoins Starburst Bowl. Well located between North Avenue and Lake Avenue with per day traffic count.Approx. 190 feet frontage on Addison by 150 feet on Lorraine. Many end user possibilities:convenience store with fuel, free standing restaurant with drive through, multi unit strip center,franchise coffee shop with drive through, tunnel car wash, professional office building, flex office/warehouse, etc... Contact City of Addison with your ideas and discuss possible new business incentives. Seller may consider joint venture but prefers to sell to pursue other opportunities.
Property Taxes
| Parcel Number | 03-33-205-001 | Total Assessment | $98,566 (2024) |
| Land Assessment | $98,566 (2024) | Annual Taxes | $7,139 |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
Property Taxes
Presented by
525 S Addison Rd - 7-11
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