217 Walnut St, Itasca, IL 60143-1730
This exceptional 4,572 square foot retail property, located at 217-219 N Walnut St in Itasca, IL, presents a unique investment opportunity. Situated on a 0.2-acre lot in the heart of the Downtown Itasca North District, this single-tenant building boasts 14 parking spaces and is conveniently located just one block from the Metra station. Built in 1968, the one-story structure is constructed of durable brick and concrete block, and is zoned for Downtown Itasca North TIF District uses. The property is ideally suited for a food service establishment, restaurant, bar, or lounge, aligning perfectly with the Village of Itasca's strategic downtown plan. This prime location benefits from its proximity to O'Hare Airport (10 minutes), major expressways, and a thriving business community, including prominent corporate campuses such as Hamilton Lakes and the American Academy of Pediatrics. The surrounding neighborhood is walkable and features a mix of historic and modern homes. The Village of Itasca has undertaken significant investments in new construction projects, further enhancing the area's appeal and potential for growth. This property represents a chance to establish a business in a strong, established community with a rich history dating back to 1841. The property is currently vacant and ready for immediate occupancy. Interested parties should review the available Request for Proposals (RFP) for complete details and timelines.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C · Itasca, ILItasca. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.