1656 Willow Rd, Northfield, IL 60093-3436
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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