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106 Pulaski Rd

1,900 SF 74% Leased Retail Building Calumet City, IL 60409 $192,000 ($101/SF) 12.99% Cap Rate

Investment Highlights

  • Roof replaced approximately 6 years ago.
  • Modern appliances (3 years old).
  • New vinyl plank flooring throughout.
  • Bright, nearly 1,400 sq. ft. apartment with ample natural light and large windows.
  • Entire unit freshly painted with refinished cabinets.
  • Central A/C system (3 years old).

Executive Summary

Excellent Live/Work Opportunity!
This front retail unit, designed as a turnkey beauty salon, seamlessly connects to a spacious back apartment. The salon features ceramic flooring, security cameras, three hair stations, two shampoo bowls, two dryers, a pedicure station, a manicure station, and a spa chair for waxing, eyelash services, and more. Whether you continue operating as a salon or repurpose it for a different business, this space is ready for you.
The property also offers an unfinished basement for substantial storage. Two parking spaces adjacent to the building. Separate utilities for both units. Option to rent units individually or modify the salon's closet wall for apartment access.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,900 SF
Building Class
C
Year Built
1916
Price
$192,000
Price Per SF
$101
Cap Rate
12.99%
NOI
$24,948
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
B2
Parking
2 Spaces (1.05 Spaces per 1,000 SF Leased)
Frontage
80 FT on Pulaski Rd

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 500 SF
  • Retail
  • -
  • Now

Turn-key salon/barber shop ready to open for business! This unit is in excellent shape and provides a reception desk, 3 stations, 2 dryers, 1 pedicure chair and a newer spa table perfect for waxing, lashes, etc. This is a great opportunity to operate your own business and collect rent to offset you lease costs. Large apartment behind the salon is also availalbe for rent, and the entire building is available for purchase. Lots of options here! The property is ready and waiting for it's new owner/operator!

Space Size Space Use Position Available
1st Floor 500 SF Retail - Now

1st Floor

Size
500 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 500 SF
Space Use Retail
Position -
Available Now

Turn-key salon/barber shop ready to open for business! This unit is in excellent shape and provides a reception desk, 3 stations, 2 dryers, 1 pedicure chair and a newer spa table perfect for waxing, lashes, etc. This is a great opportunity to operate your own business and collect rent to offset you lease costs. Large apartment behind the salon is also availalbe for rent, and the entire building is available for purchase. Lots of options here! The property is ready and waiting for it's new owner/operator!

Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Fifth Third Bank
BMO
Strack & Van Til
First Merchants Bank
Curves

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-08-414-034-0000
Land Assessment
$1,333
Improvements Assessment
$7,467
Total Assessment
$8,800
  • Listing ID: 32201934

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 106 Pulaski Rd, Calumet City, IL 60409

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