615 5Th Ave Maywood, IL 60153

This exceptional investment opportunity presents a vacant, 22,000-square-foot retail building situated on a substantial 61,207-square-foot lot in the Village of Maywood, Illinois. The property, located at 615 S. 5th Ave, boasts 200 feet of frontage on 5th Avenue, at a busy intersection with Washington Boulevard. Previously occupied by Maywood Market, the building still contains operational refrigeration equipment. Ample paved parking is available on the west and north parcels. This C-2 zoned property offers significant value-add potential, especially considering the recent groundbreaking of a new five-story mixed-use development directly across the street. This new development will include 4,500 square feet of ground-level retail and 68 residential units, significantly increasing foot traffic and demand in the immediate vicinity. The asking price is $450,000, translating to $20.45 per square foot for the building and $12 per square foot for the land. The property consists of three contiguous lots and presents a unique chance to capitalize on the revitalization of this central Maywood location. The building is a two-story Class B structure, and the occupancy date is April 1, 2020. This is a rare opportunity to acquire a substantial retail property in a rapidly developing area.