2709 Ridgeland Ave, Berwyn, IL 60402
For Sale
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This exceptional 2,750-square-foot commercial property at 2709 Ridgeland Avenue in Berwyn, Illinois presents a rare investment opportunity. Completely renovated in 2017 to accommodate a restaurant, the building boasts a modern, fully equipped prep kitchen, updated electrical and plumbing systems, a new furnace and air conditioning unit, and a compliant handicap-accessible bathroom. Two private offices provide ample space for administrative functions. Safety features include a recently installed fire alarm system. The property also benefits from new lighting and flooring throughout. Adding to its appeal is an attached two-car garage, providing convenient storage or workspace, and ample parking is available both on the street and in the rear. The building enjoys excellent visibility with 25 feet of frontage on bustling Ridgeland Avenue, surrounded by established businesses such as Quality Repair Shop, Pink Owl Cafe, Dorothy's, and V Bar. Its strategic location offers easy access to a large potential customer base, including the approximately 1,000 employees of nearby MacNeal Hospital, a mere five-minute drive away. Commuters will appreciate the property's proximity to the LaVergne Metra station, a seven-minute walk north, ensuring convenient access for staff and clients. This versatile property is perfectly suited for a restaurant, retail business, office space, or a variety of other commercial ventures. The asking price is $249,000.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.