Property for Sale: 109-119 W Grand, Melrose Park, IL 60164

$1,425,000
$1,425,000
109-119 W Grand, Melrose Park, IL 60164
$1,425,000
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Price:
$1,425,000

Type Commercial
Year Built 1961

City Melrose Park
County Cook

MLS 11978478
Status Active
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.

Lot & Building Features

Construction Brick, Wood Frame
Cooling Central Air, Central Individual
Tax Year 2021
Lot Dimensions AS PER SURVEY

Price History of 109-119 Grand, Melrose Park, IL

Date Name Price Difference
12/31/1969 Listing Price $1,425,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Cheryl Cronin
Direct: 708-237-7799
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Alexander Realty LLC, David San Jose
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6.75%
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109-119 Grand (MLS #11978478) is a commercial listing located in Melrose Park, IL. This property was listed on 02/13/2024 and has been priced for sale at $1,425,000.

Nearby zip codes are 60106, 60126, 60131, 60165 and 60176. This property neighbors other cities such as Bensenville, Elmhurst, Franklin Park, Northlake and Schiller Park.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Alexander Realty LLC