Active · For Sale · Retail/Stores

630-642 Busse Highway, Park Ridge, IL 60068

MLS #12264371

630-642 Busse Highway, Park Ridge, IL 60068
630-642 Busse Highway, Park Ridge, IL 60068CRER
630-642 Busse Highway, Park Ridge, IL 60068

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630-642 Busse Highway, Park Ridge, IL 60068

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The property

Executive summary

Fully occupied seven unit armchair investment property in desirable location with high traffic counts and flexible zoning. 12,000 square feet, all masonry building with 35 off-street parking spaces. Established, long term tenants. Contact broker for income/expense information and survey. Potential for commercial condo conversion. 1031 buyers welcome. Property taxes expected to be reduced to roughly 50% of current amount.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$156,900
Estimated GRM
10.68
Annual Taxes
$107,679 (2022)

Property Details

Units
7
Building Size
12,000 SF
Lot Size
24,798 SF
Lot Dimensions
80 X 170 X 180 X 136
Stories
1
Year Built
1955
Construction
Brick, Block
Zoning
COMMR
Parcel Number
09272250240000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Central Air
Tenant Pays
Air Conditioning, Electricity, Heat, Sewer
Electric
Circuit Breakers

Location & Use

County
Cook
Market Area
Park Ridge
Township
Maine

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.