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Listed by Neil Verhagenof Baird & Warner
$ 1,200,000
Est. payment | /mo
4,596 SqFt
$ 1,200,000
Est. payment | /mo
4,596 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,596 sqft
Price per Sqft $261
MLS Listing ID 12438302
Year Built 1927
Annual Tax Amount $14,496
Tax Year 2024
Lot Dimensions 60 x 120
Property Sub-Type Retail/Stores
Property Description
Incredible investment opportunity: a turnkey, fully-leased retail property in the heart of downtown Westmont. This property is ideally situated directly across from the Westmont Metra BNSF Line, a highly visible location at the corner of Quincy and Lincoln, right across from the Metra station and platform. As of 2018, Westmont was the 44th busiest of Metra's 236 non-downtown stations, with an average of 1,083 weekday boardings, creating a vibrant atmosphere for local businesses. Adding to its appeal, Quincy Station, a luxury apartment building catering to "on-the-go" professionals (with 94 rentals ranging from $2,400-$4,250 per month), is located approximately 250 feet to the east of this property. This prime positioning makes the property a convenient stop for both commuters and area residents. The recently updated pedestrian area further enhances its appeal, offering a welcoming environment, ample parking, and significant foot traffic to support local businesses. The building features three adjoining storefronts on Quincy Avenue: * **Brewed Awakenings Coffee Shop:** 1,200 sq/ft (long-term tenant) * **Parks Vintage (vintage clothing):** 1,635 sq/ft * **Core Pilates:** 1,200 sq/ft Additionally, a fourth storefront, Grab N Go (convenience store):**600 sq/ft, fronts Lincoln Avenue. All tenant leases are current, tenants pay all utilities, built-in rent bumps and extension options, making this a potentially long-term "trophy" property for your portfolio. Conveniently located: ***1 mi to Ogden Ave; 2.6 mi to Rt 83; 4.3 mi to I-294; 2 mi downtown Downers Grove; 19 miles to downtown Chicago***
Location
State IL
County Dupage
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Water Municipal Water
Structure Type Brick
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States