Property profile

430 Mississippi Ave Elwood, IL 60421

OFF-MARKET
Retail properties & Spaces
2,953 SF 1 ac lot Built 2005
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2005
Total area 2,953 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

430 Mississippi Ave Elwood, IL 60421
Elwood metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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