3,000 sq ft
Commercial: Retail/Stores - MLS# 12584699
Tools & Resources:
Description
Wow look at this (10+ CAP Rate) Opportunity to own a versatile multi-unit commercial building in the heart of Oak Lawn. This well-maintained property features three approximately 1,000 sq. ft. units, all currently leased, providing immediate income potential. Ideal for an owner-user looking to operate their business in one unit while collecting rental income from the other two spaces. The flexible layout allows for a wide variety of uses including office, dental, medical, legal, real estate, accounting, and many other professional services. The property offers ample storage space, an overhead door for convenient access, and approximately 10 parking spaces with parking available in both the front and rear of the building. Recent improvements include newer A/C units and furnaces for all three units, a newer roof, and updated bathrooms. Situated in a prime Oak Lawn location with high daily traffic counts, providing excellent exposure and accessibility for businesses. A great opportunity for both investors and business owners looking for strong location, income potential, and long-term value.
Features
- Property Type: Commercial
- Sub Type: Retail/Stores
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60453
- Year Built: 1975
- Sq.Ft.: 3,000 sq ft
- Stories: 1
- Units: 3 units
- Zoning: RTAIL
- # Of Drive In Doors: 1
- # Of Tenants: 3
- Additional Parcels: Yes
- Building Area Total: 3000
- Construction Materials: Brick
- Cooling: Central Air
- Directions: 95TH ST TO SOUTHWEST HIGHWAY SOUTH TO ADDRESS
- Electric: Circuit Breakers
- Expense Year: 2024
- Fire Protection: Smoke or Fire Protectors
- Foundation Details: Concrete Perimeter
- Gross Income: 71700
- Gross Rentable Area: 3000
- Gross Scheduled Income: 44660
- Heat/Ventilation: Forced Air
- Information: 24-Hr Notice Required
- Investment (Y/N): Yes
- Leasable Area: 3000
- Location: Central Business District, High Traffic Area
- Lot Size Square Feet: 2875
- Main Type: Commercial Sale
- Min Avail Sq Ft (Rentable): 1000
- Misc Inside: Multi-Tenant, Overhead Door/s, Private Restroom/s, Storage Inside
- Net Rentable Area: 3000
- Operating Expense: 4920
- Outdoor Parking: 13-18 Spaces
- Property Offered: For Sale Only
- Tax Annual Amount: 22120
- Tax Year: 2024
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 5975
- Township: Worth
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