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7504-7506 W Grand Ave
Elmwood Park, IL 60707
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Signalized Corner
- Multiple Sources of Income
- Owner Occupier or Investor Opportunity
- 18,200 VPD
- Large Garages Full Basement
EXECUTIVE SUMMARY
Two-building package sale on Grand Avenue in Elmwood Park. These two properties include a single-story retail building and a 2 unit mixed-use building on side-by-side lots. The retail building currently houses an interior design business and features an open floor plan that can be adapted by a wide variety of businesses. The mixed-use building has a long-term medical tenant in place on the bottom floor and includes a spacious 3-bed 1-bath apartment on the upper floor. Both spaces include large attached garages in the rear of the property, and they share a full basement running under the 7504 building. This sale is an excellent opportunity for either an owner-occupier or a savvy investor looking for multiple streams of income.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,500 SF
Building Class
C
Year Built
1959
Price
$1,060,899 CAD
Price Per SF
$124.81 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.34 AC
Zoning
B-2, Elmwood
Parking
6 Spaces (0.47 Spaces per 1,000 SF Leased)
Frontage
100’ on Grand
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $142,167 CAD | |
| Land Assessment | $27,040 CAD | Total Assessment | $169,208 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$27,040 CAD
Improvements Assessment
$142,167 CAD
Total Assessment
$169,208 CAD
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