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    771 Milwaukee Avenue

    Glenview, IL 60025
    • $1,450,000
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 11034833
    UPDATED: 54 min ago
    $1,450,000
    • 0
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,600
      SQFT
    • $220
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1989
    County:

    School Ratings & Info

    Description

    The ParkPro Group of Coldwell Banker Realty is pleased to present this exclusive investment opportunity in Glenview, IL. This four-unit 6,600 leasable area brick strip plaza features long term retail tenants with all NN leases in place and is currently is operating at 80% occupancy with the opportunity to lease the prime corner space. With its premier location on high traffic Milwaukee Ave at a total of 28,600 vehicles per day, the shopping center features excellent visibility & signage & an expansive parking lot on site with a parking ratio of 3.3 per every 1000 sq.ft. Located by one of the busiest corridors nearby some of the largest retailers of the community, this turnkey investment opportunity can consistently generate strong positive cash flow for years to come and operate at a consistent high occupancy per the area's total of 5% vacancy.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    771 Milwaukee Avenue Glenview, IL 60025

    • Price: $1,450,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 11034833
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    6,600
    SQFT
    $220
    $/SQFT
    1989
    Built
    Neighborhood:
    Glenview / Golf
    County:
    Cook
    Area:
    Glenview / Golf
    Property Description
    The ParkPro Group of Coldwell Banker Realty is pleased to present this exclusive investment opportunity in Glenview, IL. This four-unit 6,600 leasable area brick strip plaza features long term retail tenants with all NN leases in place and is currently is operating at 80% occupancy with the opportunity to lease the prime corner space. With its premier location on high traffic Milwaukee Ave at a total of 28,600 vehicles per day, the shopping center features excellent visibility & signage & an expansive parking lot on site with a parking ratio of 3.3 per every 1000 sq.ft. Located by one of the busiest corridors nearby some of the largest retailers of the community, this turnkey investment opportunity can consistently generate strong positive cash flow for years to come and operate at a consistent high occupancy per the area's total of 5% vacancy.
    Exterior Features

    Frontage Type City Street Location Commercial Business Park Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 31-50 Spaces Parking Total 30 Roof Structure Flat

    Interior Features

    Ceiling Height Ft 10 Cooling Central Individual Electric Circuit Breakers101-200 Amps Fire Protection Fire Extinguisher/S Heat Ventilation Central Heat/Indiv ControlsIndividual Furnaces Leasable Area 6630

    Property Features

    Additional Parcels YN No Cap Rate 7.6 Current Use Commercial Electric Expense 1273 Expense Year 2020 Financial Amounts For Total Building Rental Yes Fuel Expense 1219 Gross Income 222974 Gross Rentable Area 6630 Gross Scheduled Income 2020 Insurance Expense 3891 Investment YN Yes Lot Size Dimensions 147X233 Min Avail Sq Ft Rentable 1365 Net Operating Income Year 2020 Net Rentable Area 6630 Number Of Tenants 4 Operating Expense 110752 Other Expense 22961 Property Offered For Sale Only Tax Annual Amount 60497 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatTaxesRepairs Total Monthly Income 18581 Trash Expense 11151 Water Sewer Expense 760 Zoning Rtail

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Commercial Nrt.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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