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    1650 Willow Rd Northfield, IL 60093

    Sponsored
    For Sale
    $509,000

    Prime location, two apartments, ground floor space.

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, located at 1650 Willow Road in Northfield, Illinois, presents a unique investment opportunity. The building encompasses 2,500 square feet and features a ground floor currently occupied by a cleaning business. This tenant will vacate upon the closing of the sale. The second floor comprises two separate one-bedroom apartments, providing immediate rental income potential. The property sits on a lot with zero acres. The strategic location in Northfield offers convenient access to local amenities, transportation routes, and a thriving community. This versatile property is ideal for investors seeking a blend of commercial and residential income streams. The asking price is $509,000. The current configuration offers flexibility for a variety of uses, allowing for potential renovations or expansion to suit individual business needs and investment strategies. This is a rare chance to acquire a well-situated mixed-use property in a desirable Northfield location. The building's solid construction and established tenant history make it an attractive proposition for discerning investors. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property Features for 1650 Willow Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,500 SF

    Building Details

    Year Built
    1952
    Location Intelligence

    Current Use by Public Records

    East Willow Cleaners Dry Cleaner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Cook
    State
    Illinois
    Longitude
    -87.7654
    Latitude
    42.10113

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, two apartments, ground floor space.
    Where is this mixed-use property located?
    The property is located at 1650 Willow Rd Northfield, IL.
    What is the asking price?
    The asking price for this property is $509,000.
    (847) 904-2475
    Request Owner's contact information
    1650 Willow Rd Northfield, IL 60093
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    Northfield, IL 60093
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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
    1650 Willow Rd Northfield, IL 60093
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