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6015-6049 Dempster St
Morton Grove, IL 60053
Retail Property For Sale
Executive Summary
Strategically positioned along major Dempster St., at the intersection of Austin Ave. Exceptional multi-use property features 3-Contiguous, income-producing buildings in a highly desirable commercial corridor, situated within less than 1-mile from Interstate I-94, benefiting from consistent daily traffic driven by both retail and professional activities. The property is fully leased and comprises 12-storefronts and offices totaling approximately 16,000 Sq. ft., offering stable and diversified income. Parking is available in the front and rear of the buildings, with additional convenient access to the adjacent Morton Grove Village public parking lot. A great opportunity to acquire a well-maintained, high-visibility asset in a prime location with strong ongoing demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,550 SF
Building Class
C
Year Built/Renovated
1966/2016
Price
$1,949,000
Price Per SF
$117.76
Cap Rate
8.57%
NOI
$167,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.82 AC
Zoning
C-1 - Commercial Corridor. C-1 zoning.
Parking
31 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
219’ on Dempster St
Amenities
- Signage
Property Taxes
| Parcel Number | 10-20-106-011-0000 | Improvements Assessment | $292,625 |
| Land Assessment | $183,625 | Total Assessment | $476,250 |
Property Taxes
Parcel Number
10-20-106-011-0000
Land Assessment
$183,625
Improvements Assessment
$292,625
Total Assessment
$476,250
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