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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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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