3401 Harlem Ave Berwyn, IL 60402
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.