Three income streams and prominent North Ave frontage anchor this commercial investment opportunity, bringing together 2 properties on 1.29 acres. The offering includes a 3,900 SF restaurant building, a 1,220 SF automotive dealership building and an income producing billboard, with reported combined annual rental income of $162,406. The restaurant tenant, automotive dealership tenant and billboard provide diversified rental income within an established commercial corridor surrounded by retail, dining and neighborhood businesses. The combined 56,221 SF site pairs reported rental income with potential future rental growth as lease terms and market conditions allow. Longer term repositioning or redevelopment may offer additional possibilities, subject to zoning and municipal approvals. North Ave visibility and multiple revenue sources make this offering a compelling option for investors seeking current rental income and future potential.
Baird & Warner Kate Schumacher Agent Cell: 847.624.3153 Email
Listing Office: Platinum Partners Realtors
Listing Office Phone: 630-435-3500
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345-351 W North Avenue, Villa Park, IL 60181.
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345-351 W North Avenue, Villa Park, IL 60181.
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