Small Strip Center With Restaurant & 3 Retail Spaces - For Sale!

Arlington Heights, IL (Cook County)

Small Strip Center With Restaurant & 3 Retail Spaces - For Sale!
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Asking Price: $525,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 4,000

FF&E: N/A

Year Built: 1982

Small Strip Center With Restaurant & 3 Retail Spaces - For Sale!

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Property Description

Incredible opportunity to purchase a small strip center with a large restaurant and 3 other retail spaces.

Property Details:
4,000 SqFt Masonry & Brick Strip Center With 4,000 SqFt Basement
Restaurant + 3 Retail Storefronts
Situated On 9,200 SqFt or 0.21 Acre
Front Parking Lot
Real Estate Taxes Approx. $38,000

Restaurant and 1 retail space already leased out, currently bringing in $4,800/mth in gross income. The 2 vacant spaces are 400 sqft & 600 sqft - when rented out will bring in an additional $1,800/mth. Can also increase the bottom line by reducing real estate taxes on the building by $10,000 year!

Gross Income: $57,800 (Possible $79,200 With Additional 2 Spaces Leased Out)

Net Income: $10,300 (Possible $42,200 With Additional 2 Spaces Leased Out)

Value Of FF&E: Included in Asking Price.

Reasons for Selling: Retiring.

Feel free to stop by the location first. This is a highly confidentially listing, please do not discuss with employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed by Ted Aretos at EatZ & Associates / Z Real Estate Group / American Realty Network Inc

Detailed Information

Location:
Arlington Heights, IL
Type:
Shopping Center
Building SF:
4,000
Building Status:
Established
Facilities:
Property: 9,200 SqFt or 0.21 Acre. Square Feet: 4,000. Days/Hrs of Operation: Vary by each storefront. Value Of FF&E: Included in Asking Price.
Financing:
No
Location Description:
Prime retail space, a centrally located strip center in Arlington Heights, a highly desirable northwest suburb. Perfectly situated on Arlington Heights Rd with over 59,000 cars a day. Convenient location! Just a few blocks from Northwest Community Hospital, the Park District, US Army Rescue Center and more. Also 5 minutes from Arlington Race Track. Surrounded by a vast area of industrial, commercial, retail and residential.
Current and Prior Use:
This strip center is ideally positioned in the heart of Arlington Heights. And Arlington Heights Rd is the main street running north-south through all of central Arlington Heights. There is also direct access to Interstate 90 with a full interchange at Arlington Heights Rd. A great location which boasts an excellent transportation infrastructure with convenient access to Chicago, O'Hare and the entire Chicagoland area. Arlington Heights is an attractive destination for homebuyers, shoppers, businesses and visitors with its dynamic economy, award-wi
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Ted Aretos

Property Listed By:
Ted Aretos

EatZ & Associates

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Sponsoring Broker:
Tom Traina

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