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Storefront Retail Office For Sale • 3,800 SF
needs proper management in place to increase rents bc owner self manages and is not from the area. it used to get 73,000 a year before owner neglect. Building is fully occupied but can evict tenant if wanting own space.
| With proper management, rent increases and operational improvements could restore or exceed prior income levels. |
| Tenant flexibility – option to vacate a unit for owner use or strategic repositioning. |
| New fencing installed in 2017 – enhanced privacy and security. |
| Cap Rate: | 6.23 % |
| Total Expenses: | $33,131 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Hair by Cece | 1,018 SF | 2/28/2024 |
| Jackson Hewitt | 747 SF | 6/30/2024 |
| Tai Accessories | 1,151 SF | 12/31/2023 |
| Xtrodinary Kutz | 880 SF | 7/31/2024 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Homewood Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 11 min | - | 3.8 mi |
| Hazel Crest Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 13 min | - | 5.2 mi |
| Airport | Drive | Walk | Distance |
| Chicago Midway International | 38 min | - | 22.6 mi |
| Chicago O'Hare International | 63 min | - | 44.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 19 |
| Type: | Surface |
| Included in Rent: | Yes |
Nicholas Pipikios
GNP Realty Partners
