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6701 N Northwest Hwy Chicago, IL 60631

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For Sale
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Mixed-use property with BrightPath school and apartment units.

Lot size:
0.26 Acres

Property Features for 6701 N Northwest Hwy

General Information

Lot size
0.26 Acres

Source: Benjamin Udell Agent Benjamin Udell

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


Overview

Mixed-Use Investment in Edison Park

This mixed-use property presents a prime investment opportunity, featuring a BrightPath school under a 20-year lease. The lease includes 10% rental increases every 5 years throughout the base term and options. Additionally, the property includes three apartment units on the second floor, generating supplementary income. Located in Edison Park, an affluent Chicago submarket, the area boasts an average household income of $134,000 within a 1-mile radius. The BrightPath lease comes with a full corporate guaranty from Busy Bees, BrightPath’s parent company. The property benefits from strong early enrollments. The property's mixed-use designation results in a real estate tax assessment at 10% of its fair market value, compared to 25% for traditional retail properties, yielding an estimated $30,000+ in real estate tax savings for the retail tenant. The surrounding area is densely populated, with 169,641 residents within a 3-mile radius.
Location Intelligence

Current Use by Public Records

Guidepost Montessori at Edison ... Montessori School

Suggested Use

Law Firm Realty agency 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.

Similar Places Nearby

Tiny Hands Home Daycare, Guidepost Montessori at Edison Park, Learning Express Child Care, Kiddie Academy of Park Ridge, Saint Paul of the Cross School

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.816631
Latitude
42.003458

FAQs

What type of property is this?
Day care center - Mixed-use property with BrightPath school and apartment units.
Where is this day care center located?
The property is located at 6701 N Northwest Hwy Chicago, IL.
What are key features of this property?
This property features: - 20-year BrightPath lease provides a stable, long-term income stream with 10% rental increases every 5 years.; - Full corporate guaranty from BrightPath's parent company, Busy Bees, ensures financial security.; - Mixed-use property with three leased apartment units generates additional income.
More about this property
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