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    OFF-MARKET
    Neighborhood centers

    1501 North Ave, Melrose Park, IL 60160

    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity in Melrose Park, Cook County, presents two available spaces within a strip center at the highly visible intersection of North Avenue and 15th Avenue. Boasting a total of 16,200 square feet of vacant space, this property offers flexible options ranging from a minimum of 3,000 square feet to a maximum contiguous space of 13,200 square feet. The center benefits from an impressive daily vehicular traffic count of 47,000 vehicles, ensuring high visibility and potential customer reach. Ample parking is provided with 150 spaces available for customers and employees. The property's strategic location is further enhanced by its proximity to established businesses such as AutoZone, Walgreens, Subway, AT&T, GameStop, and Verizon, creating a synergistic retail environment. This prime location offers significant potential for businesses seeking high visibility and convenient access for their customers. The property is categorized as a multi-tenant retail strip center. Serious inquiries are encouraged to explore this exceptional retail investment opportunity.

    Property profile
    Verified
    Property type Neighborhood centers
    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
    Current use
    Occupant on record · Public records
    • GameStop Arcade & Gaming Center Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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