216 E North Avenue Active Save Request In-Person Tour Request Virtual Tour
Northlake,IL 60164
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 2,853 sqft
Price per Sqft $262
MLS Listing ID 12145090
Annual Tax Amount $8,222
Tax Year 2023
Lot Dimensions 50 X 121 X 50 X 121
Property Description
Prime Northlake Investment Opportunity with High Visibility and Diverse Income Streams; This exceptional property on North Ave. in Northlake boasts a prime location with high traffic daily, ensuring exceptional visibility for your business. Mixed in close proximity many industrial and residential homes to benefit from the services offered here. Currently features a mix of established tenants - a hair and nail salon, pizza and Italian restaurant, and a leased 2 bedroom apartment - providing a diversified income stream and a wealth of options for future use. The brick beautiful building features large windows offering an abundance of natural light. Newer Roof and Hot Water Heaters. The space is both attractive and unique. Restaurant boasts an updated entry with seating area, order window and efficient kitchen with all the kitchen equipment staying (Walk-in refrigerator and 2 uprights, 4 freezers, large pizza ovens, oven/stove, large dough mixer, storage units, & more). Well Established business with same owners for 38 years! Salon operated by renters offers a large open area with private bath, and storage area which can be opened up to expand the restaurant. Enjoy tenant income or open up to extend restaurant seating area. Spacious 2 bedroom 1 bath apartment in the back enjoys the beautiful yard with covered patio currently rented boasts gleaming hardwood floors, retro cabinets and counters in eat in kitchen and bath. ALL units have Separate Water, Gas and Electric allows independent utility management. Abundance of storage in the Full basement with exterior entrance. Ample on-site parking makes this a perfect choice for businesses seeking a convenient high-traffic location. This incredible property won't last long! Don't miss your chance to invest in a prime location with established business with additional rental income or bring your creativity and the options could be endless! Owners Retiring and will look at all Serious Offers!!!!
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Exhaust Fan,Window Unit(s)
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Membrane
Building
Structure Type Brick,Concrete