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Property

Northlake, IL 60164 216 E North Avenue

$749,900

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Presented By: HomeSmart Connect LLC
  • MLS# 12277990
  • 01/25/2025
  • Get pre-approved
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216 E North Avenue
  • SQFT • 2,853

Home Details

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. 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 allowing 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! Retiring Owners Will Look At All Serious Offers!!!!
Presented By: HomeSmart Connect LLC

Interior Features for 216 E North Avenue

Other Interior Features

FlooringConcrete, Tile, Wood

General for 216 E North Avenue

Additional Parcels Y/NNo
CityNorthlake
Construction MaterialsBrick
CoolingExhaust Fan, Window Unit(s)
CountyCook
Current UseCommercial
DirectionsNorth Avenue East of Wolf, North side of Street
ElectricCircuit Breakers, Fuses, Separate Meters, Service - 0 to 100 Amps
Electric Expense
Fuel Expense
Gross Income4525
Insurance Expense
Lease TypeGross
Lot Size Square Feet6000
MLS AreaNorthlake
ModificationTimestamp2025-02-02T06:43:19.518Z
Number Of Units Total3
PossessionClosing, Negotiable, Tenant's Rights
Possible UseCommercial, Retail
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofMembrane
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount8222.82
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat, Sewer
TownshipLeyden
Trash Expense0
Water Sewer Expense0
Year Built1955
ZoningCOMMR

Exterior for 216 E North Avenue

Building Area Total2853
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street, Frontage Road, Private Road, Public Road, Signal Intersection, State Road
Lot Dimensions50 X 121 X 50 X 121

Additional Details

Price History

Austin Pearson

Real Estate Broker
Price $749,900
MLS#12277990
List Date 01/25/2025
Property Type Commercial
Phone 773.325.2800
Get pre-approved
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Request Info
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