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109-119 W Grand Avenue,  Melrose Park IL, 60164

(Active)
$1,425,000
|
6,950 sqft
|
MLS# 11978478
Last Updated: 4/27/2024 3:40 PM
Description for 109-119 W Grand Avenue Melrose Park, IL 60164
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.
Price
$1,425,000
Cook
6,950 (approx)
11978478
Active
Description
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
0.47 Acres 6,950 (approx) 1961
1 Brick
Leyden//
Public
6 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
Brick
Membrane
AS PER SURVEY
COMMR
Driving Directions
I-90W to I-90W take exit (2B) to Mannheim Road turn right on Grand Ave.
Financial Considerations
12293110210000
$26,980
Listing Price History

Melrose Park Real Estate

Melrose Park is located in Illinois. Melrose Park, Illinois 60164 has a population of 24,642.

The median household income in Melrose Park, Illinois 60164 is $62,722. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Melrose Park 60164 is 38 years.

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Courtesy: Alexander Realty LLC
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/27/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 4/27/2024 3:40 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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