Current Use by Public Records
- Retail properties & Spaces
Property Details for 1421-1427 Roosevelt Rd
- Year built
- 1954
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional investment opportunity presents four commercial storefronts totaling 4,700 square feet, situated on a 6,250 square foot lot at 1421-1427 Roosevelt Road in Broadview, Illinois (zip code 60155). The property, built in 1954 and extensively renovated in 2000, boasts a strong 6.62% cap rate and a current net operating income (NOI) of $43,044. Currently, 50% occupied with two tenants, the property offers a potential occupancy date of August 28, 2024. Each of the four units is individually metered, offering flexibility for various business types. The property features updated bathrooms, new furnaces, new windows, new hot water tanks, new central air, new electrical systems, and new mop sinks. Convenient parking is available both in front and behind the building. The property is zoned C1 and includes eight parking spaces. The asking price is $649,900, representing a price per square foot of $138.28 and a price per unit of $162,475. This is a net lease property. The property is being sold as-is. This is a multi-tenant property with a total of four units. Don't miss this chance to acquire a well-maintained, high-return commercial property in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Broadview
- County
- Cook
- State
- Illinois
- Longitude
- -87.85
- Latitude
- 41.8643
