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Property profile & analytics
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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