SQUARE FEET5,120
MLS#12786969
STATUSContingent
PROPERTY TYPECommercial - Retail
Property Description
Three income streams and prominent North Ave frontage anchor this commercial investment opportunity, bringing together 2 properties on 1.29 acres. The offering includes a 3,900 SF restaurant building, a 1,220 SF automotive dealership building and an income producing billboard, with reported combined annual rental income of $162,406. The restaurant tenant, automotive dealership tenant and billboard provide diversified rental income within an established commercial corridor surrounded by retail, dining and neighborhood businesses. The combined 56,221 SF site pairs reported rental income with potential future rental growth as lease terms and market conditions allow. Longer term repositioning or redevelopment may offer additional possibilities, subject to zoning and municipal approvals. North Ave visibility and multiple revenue sources make this offering a compelling option for investors seeking current rental income and future potential.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 1.29 Acres
Stories: 1.0
Taxes: $31,378
Year Built: 1979
Feature Descriptions
Current Use: Commercial, Automotive
Electric: Circuit Breakers
Fire Protection: Other
Frontage Type: City Street, Public Road
HVAC: Gas
Location: High Traffic Area
Lot Dimensions: 56221
Number of Tenant(s): 2
Parcel#: 0604200005
Units: 2
Listed By / Shown By
Listed By
Agency Name: Platinum Partners Realtors
Agency Phone: 630-435-3500
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
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345-351 W North Avenue | MLS# 12786969
This commercial property located at 345-351 W North Avenue, Villa Park, IL 60181 is currently listed for sale with an asking price of $2,200,000. Search Villa Park real estate on www.bhhscrosby.com today.