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819 Ridge Rd

2,000 SF Retail Building Wilmette, IL 60091 $895,000 ($448/SF) 6.37% Cap Rate

Executive Summary

Attention Investors ,perfect for owner user investment . Rarely offered single National Franchise tenant investment property with drive thru, Tenant is month to month , buyer can renew lease or owner occupancy is offered here! Solid location with dedicated parking lot offers an abundance of options and numerous uses are allowed .Wilmette, located 14 miles north of Chicago's downtown on the shores of Lake Michigan, has a population of roughly 28,000. Ranked as a best place to raise a family in Cook County in 2020, it boasts award-winning public schools, a high percentage of residents with a bachelor's degree or higher, excellent grades on crime & safety, an abundance of family amenities, high walkability, and stellar access to parks and other recreational activities. 350 Ridge Road is located on a prime corner at the intersection of Wilmette Avenue and Ridge Road. Less than a mile from downtown Wilmette, Ridge is a main thoroughfare on the North Shore connecting Evanston through Winnetka. With a bustling downtown, offering many restaurants and shops, Wilmette is a destination on the North Shore. Confidential Financial information can be requested.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,000 SF
Building Class
C
Year Built
1941
Price
$895,000
Price Per SF
$448
Cap Rate
6.37%
NOI
$57,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Land Acres
0.25 AC
Zoning
NR - Neighborhood Residential

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Services
  • -
  • -
  • -

Lapels Dry Cleaning was founded in 2000 to become the 1st Environmentally Friendly Dry Cleaning franchise available. At the time being environmentally friendly was just gaining traction but Lapels saw the Future of Dry Cleaning early on and since has not only been the leader in this space as they continue to define The Future of this great industry.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Services - - -
Walk Score ®
Very Walkable (73)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-33-102-044-0000
Land Assessment
$25,438
Improvements Assessment
$75,018
Total Assessment
$100,456
  • Listing ID: 29498343

  • Date on Market: 9/12/2023

  • Last Updated:

  • Address: 819 Ridge Rd, Wilmette, IL 60091

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