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    OFF-MARKET
    Retail properties & Spaces

    1801 North Ave, Melrose Park, IL 60160

    30,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 30,000 square foot retail property, located at 1801 W North Ave in Melrose Park, Illinois (zip code 60160), presents a unique investment opportunity. The property is zoned for commercial use and specifically permits drive-thru operations, making it ideally suited for quick-service restaurants or similar businesses. Boasting excellent visibility from the highly trafficked North Avenue, this location ensures significant exposure to potential customers. The site itself encompasses 30,000 square feet, offering ample space for development and operations. In addition to the 21,000 square feet of main building space, there is approximately 9,000 square feet of leasable and improvable space associated with an Illinois Department of Transportation (IDOT) easement. The property's 2020 annual taxes were $38,425. This prime location in Cook County, Illinois, offers exceptional access and high visibility, making it an attractive proposition for investors seeking a strong return on investment in a thriving commercial area. The property's size and zoning make it suitable for a variety of fast-food and quick-service restaurant concepts. This is a rare opportunity to acquire a well-positioned commercial property with significant development potential.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 30,000 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
    • Ron's Auto Sales Inc Car Dealership
    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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