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9432-9438 Waukegan Rd 4,800 SF 67% Leased Retail Building Morton Grove, IL 60053 $799,000 ($166.46/SF) 7.63% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavily travelled commercial street
- Numerous national and regional retailers and food franchises in area
- Tremendous street exposure
EXECUTIVE SUMMARY
A fantastic opportunity is now available for an investor or a user/investor seeking to occupy a space within a stabilized retail center. Strategically located along heavily travelled Waukegan Road in north suburban Morton Grove, this attractive property features a freestanding building which provides excellent visibility and accessibility. This 4,800 square foot building currently features 6 retail spaces, with one 800 square foot space that will be available on January 1st. Flexibility here to allow an investor to continue to benefit from the property's cash flow or allow a potential user/investor to occupy a space for their own use and enjoy income from the remaining leased units.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,800 SF
Building Class
C
Year Built
1985
Price
$799,000
Price Per SF
$166.46
Cap Rate
7.63%
NOI
$61,000
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.28 AC
Zoning
C-1 General Commercial - Flexible commercial zoning permits a variety of retail, service and commercial uses
Parking
15 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
102’ on Waukegan Rd
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cultura Subs
- Retailer
- -
- -
- -
- Undressed Alterations
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cultura Subs | Retailer | - | - | - | ||
| Undressed Alterations | - | - | - | - |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 10-18-100-027-0000 | Improvements Assessment | $111,360 |
| Land Assessment | $43,278 | Total Assessment | $154,638 |
PROPERTY TAXES
Parcel Number
10-18-100-027-0000
Land Assessment
$43,278
Improvements Assessment
$111,360
Total Assessment
$154,638
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Presented by
Stefco Commercial Real Estate
9432-9438 Waukegan Rd
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