Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Neighborhood centers

    1401 North Ave, Melrose Park, IL 60160

    6,307 SF Built 2009
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 2009
    Total area 6,307 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
    Current use
    Occupant on record · Public records
    • Loya Insurance Company Insurance Agency
    • Fortune's - Live Video Gaming Bar & Pub
    • Dental Town Melrose Dental Office
    • CHI5 Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1401 North Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message