Property profile

40 Nugent St Glenwood, IL 60425

OFF-MARKET
Office Spaces
Property ID
US28-2472895
1.28 ac lot Built 2004
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,500 square foot ground floor condo is ideally situated in the heart of Glenwood, IL, at the northeast corner of Main and Nugent Streets. Its prime location offers unparalleled visibility and accessibility, directly adjacent to the Village Hall and Police Station, and conveniently located near the Homewood Metra Rail. This presents a unique opportunity for businesses seeking high foot traffic and convenient public transportation access. The space previously housed a barber college and offers a versatile layout adaptable to various business needs. The interior features a large reception area, two conference rooms, four bathrooms, a kitchen, a classroom, and ten private offices. The property's infrastructure is robust, including eight furnaces, four air conditioning units, and four 200-amp service electric panels, all zoned for efficient operation and energy management. The ample parking available further enhances the property's appeal. The building's three upper floors house luxury condominiums, providing a built-in customer base for businesses operating within this space. This adaptable space can be utilized as a single large unit or easily divided to suit specific requirements. This is a rare opportunity to acquire a highly visible and functional commercial space in a thriving community.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2004
Lot 1.28 ac (55,757 SF)
APN 32-03-319-014-1003
UPID US28-2472895

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

40 Nugent St Glenwood, IL 60425-1085
Glenwood metro Census 828701 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2007
$1.2M
2007
$4.2M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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