626-630 Green Bay Rd Kenilworth, IL 60043

Property Details for 626-630 Green Bay Rd

Year built

1961

Property size

10,925 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

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.

Location Insight

City

Kenilworth

County

Cook

State

Illinois

Longitude

-87.721

Latitude

42.0906