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    OFF-MARKET
    Retail properties & Spaces

    626-630 Green Bay Rd, Kenilworth, IL 60043

    10,925 SF Built 1961
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 626-630 Green Bay Road in Kenilworth, Illinois, presents a compelling investment or owner-user opportunity. The 10,925 square foot building, constructed in 1961 and situated on a 9,017 square foot lot, boasts a desirable B- Business District zoning. The two-story structure offers a versatile layout currently configured as two ground-floor retail/office spaces and a second floor comprising three apartments and two loft offices. Recent renovations include new kitchens and bathrooms, enhancing the property's appeal. Onsite parking accommodates up to ten vehicles, a significant advantage in this location. The property's strong financial performance is reflected in its 6.44% cap rate and a pro-forma net operating income (NOI) of $125,587. The asking price is $1,950,000. This seven-unit building is ideally positioned in the heart of downtown Kenilworth, offering excellent visibility and accessibility. The existing configuration provides immediate income potential, while the property's zoning and location also present significant redevelopment possibilities for a discerning investor or owner-occupant seeking a high-return asset in a prime Cook County location. The property's strong financials, coupled with its prime location and flexible layout, make it an attractive investment opportunity.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1961
    Total area 10,925 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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