830 W Lake St
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830 W Lake St
3,129 SF 100% Leased Retail Building Addison, IL 60101 $725,000 ($232/SF)
Investment Highlights
- Development Potential
- High Traffic Counts
- Strategic Retail Location
- Exceptional Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 830 W Lake Street in Addison, Illinois (the “Property”). The Property is improved by three buildings with a combined 3,129 square feet on a 0.66-acre parcel (28,750 square feet). The Property is currently occupied on a month-to-month basis as Highway Sales & Services, Inc and can be delivered vacant or with the tenant in place. 830 W Lake Street is zoned B-3 Service Business District, one of the most versatile zoning designations in Addison. The Property is well-located along W Lake Street (US Route 20), one of the area’s primary commercial corridors and enjoys outstanding visibility and frontage. The Property is 1.5-miles from IL Route 53 and Interstate 355, and 2-miles from Interstate 290. The location is surrounded by densely developed residential neighborhoods that provide a strong consumer and employee base, as well as national retailers that drive traffic to the area. 830 W Lake Street offers the opportunity for an owner-user to occupy the Property, to lease the Property as an investment opportunity, or to redevelop the Property.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,129 SF
Building Class
C
Year Built
1980
Price
$725,000
Price Per SF
$232
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
0.67 AC
Zoning
C
Parking
4 Spaces (1.28 Spaces per 1,000 SF Leased)
Amenities
- Signage
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 03-20-116-042 | Improvements Assessment | $39,840 |
Land Assessment | $85,660 | Total Assessment | $125,500 |
PROPERTY TAXES
Parcel Number
03-20-116-042
Land Assessment
$85,660
Improvements Assessment
$39,840
Total Assessment
$125,500
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830 W Lake St
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