Mixed-Use Building in Town
138 W Irving Park Road Wood Dale, IL 60191
For Sale
$519,900
COMMERCIAL - Wood Dale, IL
Property Size2,727 SF
Lot Size0.23 Acres
Price / SF$190.65
Days on Market100
Property Features for 138 W Irving Park Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0316207004
- Size
- 2,727 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5763
Utilities
- Utilities
- Cable Available
- Cooling system
- Central Air
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Tile, Varies
- Building materials
- Brick, Block, Wood, Aluminum Siding
- Roof type
- Composition
Listing Agency:
Anthony J.Trotto Real Estate
(630) 521-0298
Listed By:
Anthony Trotto · License #471000682
(630) 521-0298
Added: Apr 15
Changed: May 13
Last Checked: Jul 23 at 11:06AM
MLS# 12619886
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2727 square-foot brick, single-story mixed-use building is centrally located in the City's Town Center Business District. The property is situated on a 50 x 203-foot lot with access from both Irving Park Road and the alley. The front portion of the building features approximately 875 square feet of office/retail space. The rear of the building includes a jumbo 1700+ square feet 3-bedroom, 1-bath apartment with a jumbo combo living/dining room and a screened-in porch. The master bedroom includes a faux fireplace, and the kitchen is equipped with a dishwasher, oven-range, refrigerator, and disposal. The commercial space can be expanded by converting one or two bedrooms to additional office or retail space. Attached to the living space is a 528 sq. ft. 2-car garage. Recent improvements include a tear-off roof replacement to the shingle area and two coats of Gaco 100 percent silicone roof coating over the screened-in porch, completed in September 2024. A crawl space with a new sump pump with battery backup, vapor barrier, and additional supports was installed in March 2025, along with tuckpointing in March 2024. A new asphalt driveway and parking spaces were added in June 2025, along with two new sidewalk entries to the office/retail space and river rock hardscape in the front and sides of the building in June 2025. The office/retail space includes a utility room with a 50-gallon water heater, pull-down stairs to a building-lengthwise attic with blown-in insulation, and a utility sink. The apartment is currently under a month-to-month tenancy. The building can be converted to all-commercial use. The property is near restaurants, and a new luxury apartment complex is planned for completion nearby. The lot size is 0.233 acres. Apartment and commercial space have separate water, electric, gas meters, furnaces and air-conditioning. Shared water heater.
Key Highlights
- Mixed‑use building in the Town Center Business District, offering both commercial and residential income potential or owner‑occupancy.
- Prime location: walking distance to the Metra train station with easy expressway access, and close to restaurants with a new luxury apartment complex being built nearby.
- Recent significant improvements: new roof, crawl space upgrades, tuckpointing, new driveway/parking, and sidewalk entries.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.8k | $30.00 |
| − Vacancy | −$8.2k | −$3.00 |
| EGI | $73.6k | $27.00 |
| − OpEx | −$27.6k | −$10.13 |
| NOI | $46.0k | $16.88 |
2,727 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$657.4K
$575.2K – $767.0K
NOI $46,018 @ 7.0% cap · market cap 8.85%
Second Best
Office B
$537.2K
$470.0K – $626.7K
NOI $37,601 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$941.5K
$823.8K – $1.10M
NOI $65,906 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marino's Pizzeria & Cafe
Restaurant
Anthony J. Trotto ...
Real Estate Agency
Petra Sestakova
Real Estate Agency
FAQs
What type of property is this?
Mixed-use property - 2727 sq ft mixed-use building near Metra station.
Where is this mixed-use property located?
The property is located at 138 W Irving Park Road Wood Dale, IL.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Mixed‑use building in the Town Center Business District, offering both commercial and residential income potential or owner‑occupancy.; Prime location: walking distance to the Metra train station with easy expressway access, and close to restaurants with a new luxury apartment complex being built nearby.; Recent significant improvements: **new roof**, **crawl space upgrades**, tuckpointing, new driveway/parking, and sidewalk entries.
