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Listed price in listed location currency (USD).
$2,200,000

000

MLS® 12786969

Overview

Key Facts

Type Other
Levels Commercial Sale
Size 5120 sqft
Garage No
Maintenance Fees 
Taxes $31,378
Days Active 10
Approx. Age 1979
Avg. Price Per Sqft $429
MLS® Number 12786969

Property Address: 351-345-351 W North Ave, Villa Park, IL, 60181-1161

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12786969
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1979
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CCentral Air

Extras

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