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519 Park Dr 5,775 SF Retail Building Kenilworth, IL 60043 $1,081,838 CAD ($187.33 CAD/SF)
INVESTMENT HIGHLIGHTS
- Approx. 6,200 SF land site with existing 5,775 SF 3-story mixed-use building with easy street parking
- Great visibility and location - across the street from the Kenilworth Metra train station - located in Kenilworth's TIF District
- Incredible demographics with over $430K average annual income and over $1 million average home value
- Flexible B Business zoning allows for many possible uses including retail, office/medical, residential condos/apartments
- Available assemblage with adjacent property would allow for over a 30,000 SF new building
- Located in Kenilworth's TIF District
EXECUTIVE SUMMARY
SVN Chicago Commercial is pleased to present 519 Park Drive in Kenilworth, IL - an affluent north suburb of Chicago. This opportunity consists of an approx. 6,200 SF land site with an existing ±5,775 SF, 3-story mixed-use building and a rear parking area. Existing B zoning would allow for a mixed-use, or office development approx. 35ft high and approx. 22,000 SF. Potential uses are office, retail/restaurant, residential condos, or apartments with ground-floor commercial space and on-site parking. The existing building is suitable for an owner/user. The site can also be combined with an adjacent ±2,370 SF site, bringing the total potential buildable square footage to over 30,000 SF. Priced to sell at approx. $35/buildable SF. The property also sits in Kenilworth's Green Bay Road TIF district.
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,775 SF
Building Class
C
Year Built
1990
Price
$1,081,838 CAD
Price Per SF
$187.33 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.14 AC
Zoning
B - Many possible uses include retail, office/medical or residential condos/apartments. Zoning allows for ±22,000 SF new building up to 35' high.
Parking
9 Spaces (1.56 Spaces per 1,000 SF Leased)
AMENITIES
- Commuter Rail
- Metro/Subway
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-28-217-030-0000 | Improvements Assessment | $214,067 CAD |
| Land Assessment | $54,791 CAD | Total Assessment | $268,858 CAD |
PROPERTY TAXES
Parcel Number
05-28-217-030-0000
Land Assessment
$54,791 CAD
Improvements Assessment
$214,067 CAD
Total Assessment
$268,858 CAD
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519 Park Dr
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