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1445 W North Ave
Melrose Park, IL 60160
Retail Property For Sale
PROPERTY FACTS
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
About 1445 W North Ave , Melrose Park, IL 60160
Property tours are available by appointment only. Please contact the listing brokers to schedule a property tour. Calkain Companies is pleased to present the opportunity to acquire a 14,550 SF, single tenant leasehold property located in Melrose Park, IL approximately 14 miles west of the heart of Chicago. The property is occupied by a Walgreen's Pharmacy. Built in 2005, the property is situated on a 1.31-acre site. Walgreens can terminate their lease starting in November 2025 with 12 months prior notice. There is an 80-year ground lease in place and Borrower/ground lessee can terminate effective on Walgreens' first available termination option with 6 months prior notice. Investment Highlights Investment grade tenant (S&P: BBB) Hard corner signalized intersection Surrounded by other nationally recognized commercial retail including O'Reilly Auto Parts, Mattress Firm, Five Guys, Best Buy and more Located 14 miles outside of downtown Chicago along the very busy North Avenue which is a major east-west thoroughfare with traffic counts of 57,000 VPD Calkain Companies LLC | Sheeree Strome, CIM | IL RE License No. 47109493
PROPERTY TAXES
| Parcel Number | 12-34-404-014-0000 | Improvements Assessment | $257,596 |
| Land Assessment | $197,908 | Total Assessment | $455,504 |
PROPERTY TAXES
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