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    351 Linden Ave Wilmette, IL

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    For Sale
    $310,000

    Retail building for sale, ground lease with renewal potential.

    Property size:
    855 SF
    Lot size:
    2.52 Acres

    Property Features for 351 Linden Ave

    General Information

    Size
    855 SF
    Lot size
    2.52 Acres

    Source: CBRE | Chicago Agent Peter Graham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Landmark Retail Building

    The property is an approximately 855 square foot building suitable for various retail and service businesses, including a sandwich shop, ice cream parlor, coffee shop, cell phone store, or insurance office. The building is a designated historic landmark, offering a unique identity. Only the building is offered for sale. The land parcel will be ground leased from the Village of Wilmette for $1.00 per year, with the lease expiring on January 13, 2037, and potential for renewal. The building has no real estate tax obligation because the land parcel is owned by the CTA and leased to the Village of Wilmette.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmette
    County
    McLean
    State
    Illinois
    Longitude
    -88.9906312
    Latitude
    40.5142026

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      Wilmette Retail Building - $310K

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    FAQs

    What type of property is this?
    Retail space - Retail building for sale, ground lease with renewal potential.
    Where is this retail space located?
    The property is located at 351 Linden Ave Wilmette, IL.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - No Real Estate Taxes: Benefit from significant cost savings.; - High-Traffic Location: Ideal for businesses like sandwich shops and coffee shops.; - Extremely Low Ground Lease: Ground lease is only $1.00 per year.
    (312) 935-1400
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    351 Linden Ave Wilmette, IL
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    Wilmette, IL
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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
    351 Linden Ave Wilmette, IL
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