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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3401 Harlem Ave Berwyn, IL 60402

15,000 SF Built 1970
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 15,000 square foot, two-story commercial building located at 3401 S. Harlem Avenue in Berwyn, Illinois. Built in 1970, this vacant storefront boasts a full basement and offers significant redevelopment potential. The property features 10' ceilings, 600 amps of power, and a full sprinkler system. Previously occupied by Sherwin-Williams, the building includes first-floor retail space and a second-floor office area. Situated on a sizable lot (approximately 125' x 131', totaling 16,375 square feet), it's zoned C-4 Corridor Commercial. The asking price is $825,000, translating to $55 per square foot. Real estate taxes for 2023, paid in 2024, amounted to $74,179.53 ($4.95 PSF). The property's PIN is 16-31-128-046. This presents a compelling user or investor opportunity in a prime Berwyn location. The building's solid masonry construction and substantial size make it ideal for a variety of commercial uses.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1970
Total area 15,000 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
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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