430 Mississippi Ave, Elwood, IL 60421
This exceptional retail property, located at 430 E Mississippi Ave in Elwood, Illinois (zip code 60421), presents a unique investment opportunity. The 2,953 square foot building, constructed in 2005, sits on a one-acre lot and is zoned C-2, allowing for a variety of uses. Previously a bank, the property boasts desirable features including drive-through capabilities and a functional vault, adding significant value and versatility. The building's layout also includes dedicated office space, providing ample room for administrative functions or additional retail space. The asking price is $765,000, translating to $259.06 per square foot. This owner-user investment opportunity is ideal for a variety of retail concepts, including convenience stores, grocery stores, or restaurants. The single-story building offers excellent accessibility and visibility, situated in a prime Elwood location. The property's solid construction and existing features make it an attractive option for immediate occupancy and potential development. This is a rare chance to acquire a well-maintained, versatile commercial space in a thriving community. The property is available for a modified lease.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.