707-717 N Iowa Ave
10,200 SF Office Building Villa Park, IL 60181 $999,000 ($98/SF)
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INVESTMENT HIGHLIGHTS
- Fully Renovated into Move-In Ready Office with Small Storage Component and Drive-in Door
- M-1 Zoning
- 35 Designated Parking Spots; Additional Abundant Street Parking
- Freestanding, Single-Story Office Building
EXECUTIVE SUMMARY
707 Iowa is a 10,200 SF freestanding, single-story office building for sale. The building is fully renovated as a move-in-ready office with a small storage component and drive-in door. The property was originally a 4-unit flex building and can be converted back. An owner/user can occupy the entire building, easily divide it in half and lease 50% of the building, or convert back into multi-tenant flex. The parcel has a dedicated parking lot as well as abundant street parking.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
10,200 SF
Building Class
C
Year Built
1961
Price
$999,000
Price Per SF
$98
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,200 SF
Building FAR
0.46
Lot Size
0.51 AC
Zoning
M-1 - M1 Zoning in Villa Park
Parking
31 Spaces (3.04 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
Parcel Number | 06-04-209-018 | Improvements Assessment | $208,180 |
Land Assessment | $41,830 | Total Assessment | $250,010 |