This Retail Property is no longer advertised on LoopNet.com.

704 N Addison Rd
Villa Park, IL 60181
Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
1968
Building Height
1 Story
Building FAR
0.44
Lot Size
0.26 AC
Zoning
C
Parking
18 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
70’ on Addison Road

Amenities

  • Air Conditioning

About 704 N ADDISON RD , VILLA PARK, IL 60181

Great location for this free standing building with strong tenant on 5 year lease with yearly rent increases - perfect for investor, but arrangements can be made if buyer wants to be owner occupant! Features include parking on site to accommodate 18 cars, overhead 10 X 10 door at rear of building. Very solid, brick construction. Great Investment! Parcel #0604114026 included. Property taxes for this parcel at $681.12, and measures 30 X 126 - total combined for 2 parcels is 90 X 126, adjacent on North side of building and is parking area. Rental income shown reflects year 1 only. Rent increases are as follows: Year 1 (current) $3000 per month / Year 2 $4,145 per month/ Year 3 $4,270 per month / Year 4 $4,400 per month / Year 5 $4,532 per month.

Property Taxes

Property Taxes

Parcel Number
06-04-114-029
Land Assessment
$22,882
Improvements Assessment
$179,091
Total Assessment
$201,973
  • Listing ID: 15391646

  • Date on Market: 3/8/2019

  • Last Updated:

  • Address: 704 N Addison Rd, Villa Park, IL 60181

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