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    FOR LEASE
    Retail space

    1645 Irving Park Rd, Hanover Park, IL 60133

    0.42 ac lot Built 1971
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US28-2379814
    Property summary
    AI-generated overview

    This exceptional 7,874 square foot medical office building, situated on a 0.41-acre lot at 1645 Irving Park Rd, offers a fantastic leasing opportunity. Built in 1971 and extensively renovated in 2020, this Class B property features a single-tenant occupancy and boasts 27 parking spaces. Multiple suite sizes are available, ranging from 60 to 1,200 contiguous square feet, with three currently vacant suites totaling 3,060 square feet. Specifically, there are three available spaces: one 1,000 sq ft, one 800 sq ft, and one 350 sq ft. These spaces are adaptable for both general office and medical uses. Units 101 and 102 feature brand new luxury vinyl plank (LVP) flooring. The building is conveniently located near Ashland Ave and Irving Park Rd, a high-traffic area with 24,600 cars passing daily. The property is zoned B2 and has an APN of 06-25-403-022. Annual property taxes are $3 per square foot. An additional 60 square foot storage space is available for $200 per month, all utilities included. Existing office furniture may be available for use. The building is a two-story structure, although ceiling height specifics are unavailable. Electricity and gas are available.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1971
    Lot 0.42 ac (18,300 SF)
    APN 06-25-403-022
    UPID US28-2379814
    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
    • Leczszynski Agata Dental Office
    • All About Personnel Employment Agency
    • Centro De Informacion Social Service Agency Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mary C Faith · 10 yrs held
    Mary C Faith
    since 2016
    2 recorded transactions
    2016
    2016
    $300,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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