1401 North Ave, Melrose Park, IL 60160
Parrot Plaza offers 1,550 square feet of retail space for lease in a multi-tenant building at 1401 W North Ave, Melrose Park, IL 60160. This prime retail location is situated in Cook County, within a thriving commercial area. Built in 2009, the 6,307 square foot building sits on a half-acre lot with excellent frontage on both North Avenue and George Street, providing high visibility to over 50,000 vehicles per day. The property benefits from its proximity to major retailers including Target, Aldi, Best Buy, Walgreens, Marshall's, Jewel-Osco, Office Max, Dunkin' Donuts, Chuck E. Cheese, Sally Beauty, Chick-fil-A, AutoZone, Game Stop, O'Reilly Auto Parts, Starbucks, Hooters, and Curaleaf. Current co-tenants include Huntington Bank, Dental Town, and Fred Loya Insurance. This presents a unique opportunity to join an established and successful retail center. The space is ideal for a variety of retail uses. The property offers significant advantages due to its high traffic count and proximity to numerous national retailers.
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Loya Insurance Company Insurance Agency
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Fortune's - Live Video Gaming Bar & Pub
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Dental Town Melrose Dental Office
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CHI5 Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.