1623 Colonial Pkwy, Unit 7 Inverness, IL 60067-1222
- Office Properties & Spaces
- 9.19 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1623 Colonial Pkwy
- Year built
- 1989
- Lot size
- 9.19 lot acres
- Property type
- Office Properties & Spaces
- APN
- 02-28-301-068-1005
- APU
- 2283010681005
Description
This exceptional two-story retail building, located at 1623 Colonial Parkway in Inverness, Illinois, presents a compelling investment opportunity. Boasting 5,330 square feet, the property is situated on a highly visible lot across from Harper College and features ample parking (3 spaces per 1,000 sq ft). The building, constructed in 1983, is zoned B-1/Business B2 and offers a versatile layout. The first floor encompasses 2,085 square feet, currently owner-occupied, while the second floor (1,160 sq ft) is leased. An additional 2,085 square feet of leased space is available in the fully finished lower level. Interior features include several private offices, a large executive conference room, four washrooms, and a kitchenette. The asking price is $425,000, translating to $80 per square foot. Currently, the occupancy rate is 25%, with a modified lease in place for two years. The property benefits from a convenient location, less than two miles from the I-90/Roselle Road interchange and less than five miles from Woodfield Mall. Additional features include a natural gas generator and a picturesque pond view. This property offers significant potential for growth and return on investment. The building is serviced by ComEd (200-amp service).
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $380,000
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Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Cook
- State
- Illinois
- Longitude
- -88.0792
- Latitude
- 42.0839
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
