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6601 111th St Worth, IL 60482

OFF-MARKET Retail space Google Maps
0.44 ac lot Built 1986
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$320k
Range $288k – $352k (±10%)
Property ID US28-2033135

Property summary

AI-generated overview

This exceptional commercial property at 6601 111th Street West in Worth, Illinois presents a compelling investment opportunity. The single-story building, constructed in 1990, offers a substantial 8,625 square feet of space, ideally suited for a variety of commercial ventures. The layout comprises a 4,375 square foot store, a 2,500 square foot shop, and a 1,750 square foot basement, providing ample room for retail, manufacturing, or storage needs. The property sits on a generously sized lot measuring approximately 120 feet by 108 feet, boasting 108 feet of frontage on 111th Street, a high-traffic area with over 27,000 vehicles passing daily. The store and shop feature comfortable 14-foot ceilings, while the basement offers 10-foot ceilings. The building is well-maintained, featuring durable architectural shingles. Ample parking is available with 22 spaces to accommodate customers and employees. The property is zoned B-2 General Business District, allowing for diverse commercial uses within a mixed commercial and residential setting. The electrical service is robust, featuring 200 AMP 3-phase power in the store and 400 AMP 3-phase power in the shop, catering to businesses with significant power requirements. This property offers strong potential for growth and success in a highly visible and accessible location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Lot 0.44 ac (19,263 SF)
APN 24-19-213-026
UPID US28-2033135

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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