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7421 Astor Ave 2,400 SF Retail Building Hanover Park, IL 60133 $295,000 ($122.92/SF)
Investment Highlights
- Well-constructed one-story brick office/retail building featuring three large open spaces, a general office area, a full kitchen, and three restrooms.
- Ample outdoor space including rear area and side patio, providing flexibility for various commercial uses.
- Strong visibility within Hanover Park’s central business district, offering proximity to major roadways such as Irving Park Road and McKool Avenue.
- Located adjacent to the Hanover Park Astor Community Center with immediate access to surrounding restaurants and retail shops.
- Parking capacity with potential expansion to approximately 16 spots, supporting multi-tenant or single-user occupancy.
- Built for quality and durability with brick, concrete, and wood construction materials, ensuring long-term operational reliability.
Executive Summary
OFFICE -RETAIL BUILDING- ALL QUALITY CONSTRUCTION WITH BRICK EXTERIOR. 3 LARGE OPEN SPACES, GENERAL OFFICE AREA, FULL KITCHEN AREA, AND 3 RESTROOMS. OUTSIDE AREA IN REAR AND PATIO ON SIDE. BUILDING COULD HAVE MANY USES. PARKING COULD BE INCREASED TO POSSIBLY 16 PARKING SPOTS. RIGHT NEXT TO THE HANOVER PARK ASTOR COMMUNITY CENTER. NEARBY RESTAURANTS AND SHOPS. ----------SELLER WILL NOT SELL FOR USE AS A DAYCARE OR CHILD LEARNING CENTER BUSINESS.........
Situated next to the Hanover Park Astor Community Center, the property benefits from an established neighborhood setting and nearby dining and retail options. With lot dimensions of 70 by 120 feet, there is capacity to increase parking to approximately 16 spaces, further enhancing convenience for users and visitors. Positioned within Hanover Park’s central commercial district, the location affords easy connectivity to major surface roads and regional hubs.
Offered at $295,000, this property will be available for possession within approximately 60 days, allowing buyers to plan improvements or occupancy timelines efficiently. Its versatile interior configuration and established infrastructure make it suitable for a variety of commercial or office uses under current zoning designations.
Situated next to the Hanover Park Astor Community Center, the property benefits from an established neighborhood setting and nearby dining and retail options. With lot dimensions of 70 by 120 feet, there is capacity to increase parking to approximately 16 spaces, further enhancing convenience for users and visitors. Positioned within Hanover Park’s central commercial district, the location affords easy connectivity to major surface roads and regional hubs.
Offered at $295,000, this property will be available for possession within approximately 60 days, allowing buyers to plan improvements or occupancy timelines efficiently. Its versatile interior configuration and established infrastructure make it suitable for a variety of commercial or office uses under current zoning designations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,400 SF
Building Class
C
Year Built
1978
Price
$295,000
Price Per SF
$122.92
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.19 AC
Zoning
R4, Hanover Park
Parking
17 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
90’ on Astor Ave
Amenities
- Fenced Lot
- Security System
- Signage
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-25-302-059-0000 | Improvements Assessment | $54,300 |
| Land Assessment | $14,700 | Total Assessment | $69,000 |
Property Taxes
Parcel Number
06-25-302-059-0000
Land Assessment
$14,700
Improvements Assessment
$54,300
Total Assessment
$69,000
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