Property profile

7931 Ogden Ave Lyons, IL 60534

OFF-MARKET
Retail space
Property ID
US28-2222524
0.1 ac lot Built 1984
Trust Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two retail storefronts located at 7931 and 7933 Ogden Avenue in Lyons, Illinois. The combined space totals 1,800 square feet, offering significant potential for a variety of retail uses. 7931 Ogden Avenue, encompassing 1,100 square feet, is currently leased on a month-to-month basis and will be vacant upon closing. The existing tenant operates a vacuum store, which is also available for purchase separately, should the buyer be interested in continuing the existing business. The second storefront, located at 7933 Ogden Avenue, offers 800 square feet and is under an annual lease expiring in September 2025. This provides immediate rental income and a future opportunity to increase rental rates upon lease renewal. The property boasts convenient features including 200-amp electrical service, ensuring ample power for various business needs. Furthermore, an electric vehicle (EV) charger is conveniently located at the rear of the building, catering to the growing demand for sustainable transportation options and potentially attracting environmentally conscious customers. This property is ideally situated for a savvy investor seeking a strong return on investment in a desirable location. The existing leases provide immediate cash flow, while the vacant storefront offers flexibility for future development and tenant selection. This is a rare opportunity to acquire a well-maintained, versatile retail property in a thriving area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Lot 0.1 ac (4,350 SF)
APN 18-01-102-008
UPID US28-2222524

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Appliance Store (Bike/Boat/Book/etc) Store

Location

7931 Ogden Ave Lyons, IL 60534-1337
Lyons metro Census 819100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2013
6 recorded transactions
2017
Price N/A
2013
Price N/A
2009
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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