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    OFF-MARKET
    Retail space

    731 Nerge Rd, Roselle, IL 60172-1061

    1.89 ac lot Built 1977
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US28-2490106
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 23,881 square foot strip center ideally situated in the heart of Roselle, Illinois. The property, located at 731 E Nerge Road Unit 731-791, enjoys excellent visibility and accessibility due to its strategic placement on Nerge Road and Plum Grove Road, ensuring high traffic flow and prominent exposure to potential customers. The center's prime location within a thriving commercial area guarantees a strong foundation for sustained success. The property is categorized as "Other" in property type, offering a versatile space adaptable to a variety of retail businesses. With a total area of 23,881 square feet, the center provides ample space for multiple tenants or a single large-scale operation. The asking price for this exceptional investment opportunity is $2,600,000. This represents a significant chance to acquire a well-positioned retail property in a dynamic and growing market. The property sits on a 0-acre lot, making it a compact and efficient retail space. Its location within the Plum Grove shopping center further enhances its appeal and potential for attracting a diverse clientele. This is a rare opportunity to acquire a thriving commercial property in a high-demand area. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1977
    Lot 1.89 ac (82,328 SF)
    APN 07-35-316-002
    UPID US28-2490106
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Google LLC · 19 yrs held
    Google LLC
    since 2007
    3 recorded transactions
    2007
    $3.7M
    2004
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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