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    216 E North Ave Northlake, IL 60164

    For Sale
    $725,000

    Mixed Use - Northlake, IL

    Type:Mixed Use
    Property size:
    2,853 SF
    Days on Market:
    34
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for 216 E North Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    12323280150000
    Size
    2,853 SF

    Utilities

    Cooling system
    Exhaust Fan (Cooling), Multi Units, Window Unit(s)

    Building Details

    Year built
    1955
    Number of units
    3
    Flooring type
    Concrete, Tile, Wood
    Roof type
    Membrane
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Marla Kubik (847) 495-5000 License #471018461

    Listing date Nov 5, 2025

    MLS# 12500355 Listing URL

    Copyright © 2025 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.

    Overview

    Northlake Mixed-Use Investment Opportunity

    This mixed-use property is located on North Avenue in Northlake, offering high daily traffic and visibility. The brick building features large windows that provide natural light. The property currently houses a hair and nail salon, a pizza and Italian restaurant, and a leased 2-bedroom apartment, providing a diversified income stream. All units have separate water, gas, and electric utilities. The restaurant includes an updated entry with a seating area, order window, and kitchen equipped with a walk-in refrigerator, upright refrigerators, freezers, pizza ovens, oven/stove, and a dough mixer. The salon features a large open area with a private bath and storage. The 2-bedroom, 1-bath apartment includes hardwood floors and an eat-in kitchen. A full basement with an exterior entrance provides storage space. On-site parking is available. The property is located in close proximity to industrial and residential areas. The property size is 2853 square feet.
    Location Intelligence

    Current Use by Public Records

    Anthony's Pizzeria Pizza Restaurant Gloria's Hair & Nail ... Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northlake
    County
    Cook
    State
    Illinois
    Longitude
    -87.895004
    Latitude
    41.907715

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      216 North Ave, Northlake, IL 60164

      Commercial real estate • 2,853 SF
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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility mixed-use property with diverse income streams in Northlake, IL.
    Where is this mixed-use property located?
    The property is located at 216 E North Ave Northlake, IL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - High-visibility location on North Ave. with high daily traffic, ideal for attracting customers.; - Diversified income streams from established tenants: hair/nail salon, pizza/Italian restaurant, and 2-bedroom apartment.; - Restaurant includes a fully equipped kitchen with walk-in refrigerator, pizza ovens, and other equipment.
    (847) 495-5000
    Request Owner's contact information
    216 E North Ave Northlake, IL 60164
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    Northlake, IL 60164
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 E North Ave Northlake, IL 60164
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