473 Park Ave, Lake Villa, IL 60046
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.
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
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No recorded transactions found for this property.
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