New Listing
4880 W Euclid Avenue , Palatine, IL 60067
Palatine, IL 60067
Description
Cap rate 7.76!! Discover an exceptional value-added opportunity with this strategically located strip mall, perfect for savvy investors. This property boasts great visibility and is situated in a high-income neighborhood, with an impressive average household income of 163K within a 1-mile radius. The area is bustling with a large population of 255,350 residents within a 5-mile radius, ensuring a steady stream of potential customers. * Leasable Area (GLA): 7,241 sf * Total number of parking: 40 * Lot size: 0.614 acre * High Traffic: Approximately 20,000 cars pass by daily, offering maximum exposure for your tenants. * Low Maintenance: Tenants are responsible for all utilities. * Modern Upgrades: Recently sealed parking lot, new LED lights in the common area, and a refreshed facade enhance the property's appeal. * Versatile Space: The current vacant space was previously a dental office, featuring medical/dental office-ready plumbing and layout, perfect for similar businesses. * 0.6 miles from the Highway 53 interchange - 157,000 VPD Seize this fantastic opportunity to invest in a property with immense potential in a thriving area. Contact us today to learn more and schedule a viewing!
Details
| MLS# | 12338601 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1988 |
| Days On Site | 7 |
| Listing Provided By | Platinum Partners Realtors | Sang Han |
Features
| SQ Feet | 7,241 |
|---|---|
| Story(s) | 1 |
| Units | 8 |
| Zoning | RTAIL |
Market Activity 60067
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Palatine |
| Zip Code | 60067 |
| Area | Palatine |
| Listing VS Median (In 60067) | |
Price: $1,100,000 low | high Med: $475,000 SqFt: 7,241 low | high Med: 2,202 $ / SqFt: $152 low | high Med: $216 On site: 7 low | high Med: 291.000000 | |