500 Green Park Avenue, Colona, IL 61241

Building Details

Building Size 11,683 SF More

Year Built 1953 More

Units 6 More

Listing Agency: Prestige Realty QC p***@gmail.com

Listed By: Tom Farrell Show Phone

Source: Ifindpropertiesllc

Added: Jun 19, 2025 Changed: Nov 7 Last Checked: Nov 8 at 6:09PM

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Investment Insights

Based on property information with market context.

This mixed-use property brings together retail space, the China King restaurant and a four-unit residential building. The property dates to 1953, and 6,400 square feet of retail space is available for lease. The offering includes all three components.

The property is on Green Park Avenue in Colona, with access to Interstate 80.

Key Highlights

• 6,400 square feet of retail space currently available for lease
• Sale includes retail space, China King restaurant and a four‑unit residential building
• Built in 1953

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Auto Parts Store Bakery Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

205

Businesses Nearby

Explore this area Business Placement

Demographics for 61241, IL

6,841

Population

2,947

Households

2.3

Avg Household Size

42

Median Age

18%

College-Educated

92%

High-School Grad

19.1 sq mi

ZIP Area

358

Density / Sq Mi

$78,611

Median Household Income

$47,556

Median Earnings

$888

Median Rent

$166,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines a restaurant, a four-unit residential building and retail space, with 6,400 square feet currently available for lease.

Where is this mixed-use property located?

The property is located at 500 Green Park Avenue Colona, IL.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 6,400 square feet of retail space currently available for lease; Sale includes retail space, China King restaurant and a four‑unit residential building; Built in 1953