40 Nugent St Glenwood, IL 60425-1085
This exceptional 6,500 square foot ground floor condo is ideally situated in the heart of Glenwood, IL, at the northeast corner of Main and Nugent Streets. Its prime location offers unparalleled visibility and accessibility, directly adjacent to the Village Hall and Police Station, and conveniently located near the Homewood Metra Rail. This presents a unique opportunity for businesses seeking high foot traffic and convenient public transportation access. The space previously housed a barber college and offers a versatile layout adaptable to various business needs. The interior features a large reception area, two conference rooms, four bathrooms, a kitchen, a classroom, and ten private offices. The property's infrastructure is robust, including eight furnaces, four air conditioning units, and four 200-amp service electric panels, all zoned for efficient operation and energy management. The ample parking available further enhances the property's appeal. The building's three upper floors house luxury condominiums, providing a built-in customer base for businesses operating within this space. This adaptable space can be utilized as a single large unit or easily divided to suit specific requirements. This is a rare opportunity to acquire a highly visible and functional commercial space in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.