Property profile

1300 Irving Park Rd Hanover Park, IL 60133

OFF-MARKET
Retail space
Property ID
US28-1023667
1,824 SF 0.43 ac lot Built 1977
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,824-square-foot storefront, located at 1300 E Irving Park Rd in Hanover Park, IL (60133), presents a remarkable owner-user opportunity. Priced at $350,000 ($191.89/sq ft), this single-story, Class B building sits on a .43-acre lot (18,609 sq ft) and boasts 28 parking spaces. Built in 1978, the solid cinder block structure features numerous full-wall windows, maximizing visibility. The interior has been updated and includes two bathrooms and a spacious service room. Currently vacant, this property is zoned B-2 and benefits from high exposure, with approximately 60% of business visibility attributed to the adjacent Popeyes restaurant. Its proximity to Menards further enhances its appeal. The property is eligible for the Hanover Park Village Facade Program, offering up to $25,000 in potential improvements. The seller is motivated for a swift close and will prioritize offers. The sale includes the building and land only; the existing business is not included. The property offers dual access points, from Irving Park Road and a rear street. While suitable for various retail uses, the Village of Hanover Park does not permit automotive-related or CBC businesses. A video showcasing mid-week traffic is available. This is a fantastic chance to own your building and land, eliminating rent expenses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Total area 1,824 SF
Lot 0.43 ac (18,609 SF)
APN 07-30-304-004
UPID US28-1023667

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Loan Service

Location

1300 Irving Park Rd Hanover Park, IL 60133-2568
Hanover Park metro Census 804806 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2024
Last sale
$350,000
4 recorded transactions
2024
$350,000
2022
$300,000
2022
Price N/A
2003
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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