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    OFF-MARKET
    Retail space

    1300 Irving Park Rd, Hanover Park, IL 60133-2568

    1,824 SF 0.43 ac lot Built 1977
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-1023667
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • good deal (Bike/Boat/Book/etc) Store
    • Midwest Title Loans Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gyb Enterprises LLC · 1 yrs held
    Gyb Enterprises LLC
    since 2024
    Last sale
    $350,000
    4 recorded transactions
    2024
    $350,000
    2022
    $300,000
    2022
    2003
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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