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345-351 W North Avenue Villa Park, IL $ 2,200,000
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$ 2,200,000 Get more info
345-351 W North Avenue
$ 2,200,000
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345-351 W North Avenue

Villa Park, IL, 60181
$ 2,200,000
Bedrooms-- Baths-- Sq 5,120
345-351 W North Avenue, Villa Park, IL 60181 - Image 1
345-351 W North Avenue, Villa Park, IL 60181 - Image 2
345-351 W North Avenue, Villa Park, IL 60181 - Image 3
345-351 W North Avenue, Villa Park, IL 60181 - Image 4
345-351 W North Avenue, Villa Park, IL 60181 - Image 5

Property for Rent in Villa Park, IL

for $2,200,000. This 5,120 square foot property was built in 1979 on a lot size of 1.29.

Three income streams and prominent North Ave frontage anchor this commercial investment opportunity, bringing together 2 properties on 1.29 acres. The offering includes a 3,900 SF restaurant building, a 1,220 SF automotive dealership building and an income producing billboard, with reported combined annual rental income of $162,406. The restaurant tenant, automotive dealership tenant and billboard provide diversified rental income within an established commercial corridor surrounded by retail, dining and neighborhood businesses. The combined 56,221 SF site pairs reported rental income with potential future rental growth as lease terms and market conditions allow. Longer term repositioning or redevelopment may offer additional possibilities, subject to zoning and municipal approvals. North Ave visibility and multiple revenue sources make this offering a compelling option for investors seeking current rental income and future potential.

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Rental Contingent

Price

$ 2,200,000

Taxes

$ 31,378

Style

Commercial,Automotive

Lot Size

1.29

Year Built

1979

Town/City

Villa Park

County/Region

DuPage

MLS | Web ID

12786969
Features
General
Cooling Central Air
Zoning COMMR
Year Built 1979
Electric Circuit Breakers
Stories Count 1
Tax Year 2025
Current Use Commercial Automotive
Additional Parcels Description 0604200004
Assoc Fee Paid Per Not Applicable
County DuPage
Net Operating Income 162406
Property Type Commercial Sale Retail/Stores
Contingency Attorney/Inspection
Status Contingent
Directions N Addison Rd East on North Ave (64) to property
City Villa Park
Number Of Units Total 2
MLS Area Villa Park
Lot Size Square Feet 56221
Tax Annual Amount 31378.48
Additional Parcels Y/N Y
Leasable Area 0
Lease Type Net
Standard Status Active Under Contract
Cap Rate 7.38
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Exterior
Building Area Total 5120
Lot Dimensions 56221
Lot Size Acres 1.29
Frontage Type City Street Public Road
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* Excluded Features
List By
Platinum Partners Realtors

Broker

sabrina@thegloverteam.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/16/2026$2,200,000 Listed Price

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345-351 W North Avenue, Villa Park, IL, 60181 is a Property for Rent at $2,200,000 with 5,120 sqft and a lot size of 1.29. 345-351 W North Avenue was built in 1979. The property's zip code is 60181 which is in Villa Park, IL

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