7665 N Milwaukee Avenue
Niles, IL, 60714 $ 1,490,000
Baths0.0 Sq 6,000 Monthly Estimate*
$ 10,408
Studio
for $1,490,000. This 6,000 square foot building was built in 1957 on a lot size of 0.242516.
Great 2 unit masonry commercial retail building in Niles, prime location right on the corner of Milwaukee and Jonquil Terrace, The Building is 6000+ sq ft, 10,564 sq ft of land, C-3 zoning, 12 - 14 ft ceilings, excellent exposure with 123.20 ft of frontage on Milwaukee Ave. 26,200 vehicles pass this location a day (VPD) Comprised of two retail units, one 3,028 sq ft and the other is 2,281 sq ft, the larger unit is vacant and is available for lease and the smaller unit is leased, $4,100 a month, will be signing a new 5-year extension at the end of the year. Very High visibility, exceptional space. the building is well maintained. ADA compliant men's and women's restrooms the building has a great signage area. Power is 200 amps, private parking lot for 30 cars and plenty of street parking, nice landscaping building is divided into 2 units, close to the Howard and Milwaukee intersection, access to shopping, public trans, close to area expressways, Building has a great retail build out and potential for residential / commercial development with TIFF incentive from the Village of Niles. building could be used for retail or fast food or medical, clinic, dental, sales, physical therapy, med spa, call center, architect, legal, insurance, accounting, or other professional use, Area retailers include, Amici Ristorante, Siam's house restaurant, Chicken inn, Siam's house restaurant taco bell, Baskin Robbins, Lone Tree manor banquet hall & catering, P & S Meats and Greek grill, Graham's Marketplace Ownership will listen to all offers within reason, 3 PINs (1) 09252110010000 (2) 09252110020000 (3) 09252110030000. Do not bother tenant, call listing agent for showing. Seller is willing to Discuss Seller financing.
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FeaturesGeneralCooling Central Air
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal Water to Site
Possession Closing
Roof Membrane Reflective Coating
Zoning COMMR
Construction Materials Brick
Year Built 1957
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Taxes Insurance Repairs Scavenger Sewer
Stories 1
Township Niles
Tax Year 2021
Current Use Commercial
County Cook
Net Operating Income 56978
Property Type Commercial Sale Retail/Stores
Status Active
Directions NORTH OF HOWARD ON EAST SIDE OF MILWAUKEE AVE.
City Niles
Total Units 2
MLS Area Niles
Lot Size Square Feet 10564
Street Name Milwaukee
Tax Annual Amount 44056
Additional Parcels Y/N Y
Leasable Area 6000
Virtual Tour https://tours.positiveimagelive.com/public/vtour/display/2155518#!/
Days on Market 5
Lease Type Net
Standard Status Active
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InteriorFlooring Tile Vinyl
Street Suffix Avenue
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 6000
Lot Dimensions 10564
Frontage Type City Street County Road Public Road State Road Paved
Exterior Brick
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* Excluded FeaturesList By@Properties CommercialBroker
mikelevin@atproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,408
- Monthly Property Taxes
- $3,671
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Niles, IL
Average List Price $854,255
Percent of Sale Price 43%
About Niles, IL 29,486 Population
-2% Since 2002
$ 56,156 Median Income
47.62 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/8/2024 | $1,490,000 | | Listed Price |