Freestanding Retail/Office
For Sale
Contact for pricing
Pending
7442 W Grand Ave, Elmwood Park, IL 60707
Freestanding building on a 6,000 sf lot is fully leased with two tenants and rear parking for nine.
Property Size3,070 SF
Days on Market131
Property Features for 7442 W Grand Ave
General Information
Standard status
Pending
Size
3,070 SF
Total Parking Spaces
9
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
The Wilcox Company
(773) 583-0800
Listed By:
Brian Ripp · License #IL 475138860
Source:
Crexi
Added: Apr 12
Changed: Aug 15
Last Checked: Aug 19 at 1:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Wilcox Company
Investment Insights
Based on property information with market context.
This freestanding commercial building totals 3,070 sf on a 6,000 sf land site and is fully leased with two tenants: a hair salon and an office. The property also offers potential to divide into three storefront units.
The building includes rear parking for nine vehicles. It is located in a C-1 zoning district, approximately a half block from the Elmwood Park Metra station.
The sale includes architectural plans and permits for redevelopment into a four-story mixed-use building. The property is described as having $15,138 in taxes for 2020.
The building includes rear parking for nine vehicles. It is located in a C-1 zoning district, approximately a half block from the Elmwood Park Metra station.
The sale includes architectural plans and permits for redevelopment into a four-story mixed-use building. The property is described as having $15,138 in taxes for 2020.
Key Highlights
- 3,070 SF freestanding commercial building on a 6,000 SF land site
- Fully leased with 2 tenants: a hair salon and an office
- Potential to divide into 3 storefront units
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
166k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 27%
Groceries 24%
Home Improvements & Furnishings 3%
Angelo Caputo's Fresh Markets!
Groceries
40,497 visits/mo
0.3 miles
McDonald's
Dining
28,311 visits/mo
0.2 miles
BP
Shops & Services
23,998 visits/mo
0.5 miles
Chase Bank
Shops & Services
16,729 visits/mo
0.3 miles
Culver's
Dining
15,946 visits/mo
0.2 miles
Demographics for 60707, IL
43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,011
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- April Flowers — 7179 W Grand Ave, Chicago, IL 60707
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building on a 6,000 sf lot is fully leased with two tenants and rear parking for nine.
Where is this storefront property located?
The property is located at 7442 W Grand Ave Elmwood Park, IL.
What are key features of this property?
This property features: 3,070 SF freestanding commercial building on a 6,000 SF land site; Fully leased with 2 tenants: a hair salon and an office; Potential to divide into 3 storefront units
