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    OFF-MARKET
    Office Spaces

    473 Park Ave, Lake Villa, IL 60046

    1,500 SF Built 2000
    Property ID
    Property summary
    AI-generated overview

    This move-in ready, 1,500 square foot office space in Lake Villa, IL, is perfect for a variety of businesses. Located at 473 Park Ave., Unit 500, this Class B office boasts a ceramic tiled entry, four workstations, a private office, conference room, break room with a full-size refrigerator, a storage room, and an ADA-compliant bathroom. Abundant natural light streams in from numerous windows. The property includes ten parking spaces and is situated on a 25,000 square foot lot. Built in 2000, the single-story building features brick/block construction, central AC and gas forced heat, and 200 AMP service. Conveniently located just eight miles east of Park Place Industrial Park with easy access to I-94. The low monthly association fee of $150 covers snow removal, landscaping, insurance, exterior maintenance, and waste disposal. The property is zoned LI-2. All office furniture and file cabinets are included in the sale price of $185,000 ($123.33/sq ft). The owner is flexible and will consider selling, renting, or leasing with an option to buy. This turnkey office space presents a fantastic opportunity in a very private location with Park Avenue signage.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2000
    Total area 1,500 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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