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    OFF-MARKET
    Retail space

    814 State St, Lemont, IL 60439-3933

    0.15 ac lot Built 1975
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US28-2494418
    Property summary
    AI-generated overview

    This exceptional 4,000 square foot multi-tenant office building, located at 814-816 State Street in Lemont, IL 60439, presents a unique investment opportunity. Situated on a high-traffic section of State Street, between 127th and State Street, this property boasts excellent visibility and accessibility. The building, constructed in 1975 and extensively renovated in 2023, offers a blend of medical, traditional, and executive office spaces, along with retail potential. Currently, 2,500 square feet of space is available, divisible into units as small as 1,250 square feet, with a maximum contiguous space of 4,000 square feet. The building features a total of two suites and ample parking with 30 spaces. The property is zoned B1 and located in Cook County. Its proximity to downtown Lemont, Interstates 355 and 55, major retail centers, the train station, and Lemont High School makes it highly desirable. The building's recent renovation includes updated lighting and a soon-to-be-completed parking lot upgrade, enhancing its curb appeal. Annual property taxes are $4 per square foot. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes and amenities. Don't miss this chance to secure a prime space in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1975
    Lot 0.15 ac (6,600 SF)
    APN 22-29-116-014
    UPID US28-2494418
    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
    Current use
    Occupant on record · Public records
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Immobiliare Due LLC · 3 yrs held
    Immobiliare Due LLC
    since 2023
    Last sale
    $320,000
    2 recorded transactions
    2023
    $320,000
    2016
    $695,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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