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    OFF-MARKET
    Residential income homes

    1656 Willow Rd, Northfield, IL 60093-3436

    4,500 SF 0.06 ac lot Built 1938
    Entity Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-1135016
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 1654-1656 Willow Road in Northfield, Illinois, presents a compelling investment opportunity. The 3,525 square foot building boasts a vacant street-level retail space/office, ideal for owner-occupancy or lease. Upstairs, a two-bedroom, one-bathroom apartment provides additional income potential. The property includes a 50x100 foot parking lot offering 75 feet of frontage on Willow Road, ensuring excellent visibility and accessibility. Its prime location is within a block of an interstate, providing easy access to O'Hare Airport, downtown Chicago, and major roadways. The Village Center zoning allows for diverse uses. This is a remarkable opportunity for both owner-users and developers. Two adjacent buildings are also available for purchase, expanding the potential land area to 12,500 square feet with 125 feet of frontage. The asking price is $895,000, translating to $253.90 per square foot. A drive-thru option is already in place. Further details on zoning regulations can be found at the provided link: [https://northfield.municipalcodeonline.com/book?type=ordinances#name=APPENDIX_B_SUBDIVISIONS](https://northfield.municipalcodeonline.com/book?type=ordinances#name=APPENDIX_B_SUBDIVISIONS). The property's zip code is 60093, located in Cook County.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1938
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,500 SF
    Lot 0.06 ac (2,500 SF)
    APN 05-19-303-007
    UPID US28-1135016
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    AW ZENGLER BLDG 1000
    AW ZENGLER BLDG 1000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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