1300 Irving Park Rd Hanover Park, IL 60133-2568
- Retail space
- 1,824 SF
- 0.43 lot acres
Current Use by Public Records
- good deal / Gift Shop
- Midwest Title Loans / Loan Agency
Property Details for 1300 Irving Park Rd
- Year built
- 1977
- Lot size
- 0.43 lot acres
- Property size
- 1,824 SF
- Property type
- Retail space
- APN
- 07-30-304-004
- APU
- 730304004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $310,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $355,000
- Mixed-Use
- $265,000
- Hospitality
- $350,000
- Educational
- $290,000
- Residential Income
- $345,000
- Energy
- $345,000
- Income-Based Land
- $255,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Hanover Park
- County
- Cook
- State
- Illinois
- Longitude
- -88.1389
- Latitude
- 42.0049
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA