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Property profile & analytics

1300 Irving Park Rd Hanover Park, IL 60133-2568

  • Retail space
  • 1,824 SF
  • 0.43 lot acres
OFF-MARKET
Value Estimation
$340,000
Last Sale
Nov 18, 2024
$350,000
Location Intelligence
Property ID
US28-1023667
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,899
$55,827
$19,171
$74,998
-
$223,308
$76,684
$299,992
More about this property
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