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    OFF-MARKET
    Commercial real estate

    440 Roberts Dr, Glenwood, IL 60425

    12,000 SF 0.5 ac lot Built 1974
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-maintained 12-unit commercial building situated on a half-acre lot at 440 N Roberts Drive in Glenwood, Illinois. The property boasts a total of 12,000 square feet and is priced at $1,350,000. Each unit offers spacious and comfortable living areas, abundant natural light, and ample closet space, ensuring tenant satisfaction and consistent rental income. The building's prime location along S. Halsted Street, a major north-south artery in the South Chicagoland suburbs, benefits from high traffic volume averaging 21,100 vehicles daily. This high visibility ensures easy access to a variety of retail options, commercial services, and more, enhancing the property's appeal and potential for strong rental demand. Glenwood itself is a thriving bedroom community, offering residents a convenient commute to Chicago and the surrounding areas. The property is adjacent to a planned redevelopment project focused on revitalizing Glenwood's commercial corridor, promising future growth and increased property value. This 12-unit building represents a compelling investment opportunity for those seeking a stable income stream in a desirable and rapidly developing location. The property's strong tenant occupancy, combined with its strategic location and the ongoing community improvements, makes this a truly attractive investment prospect.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1974
    Total area 12,000 SF
    Lot 0.5 ac (21,780 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
    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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