7665 N Milwaukee Ave, Niles, IL 60714, Niles, IL 60714
sale
$1,114,000
|
Other
Courtesy Of Era Partners
Prime Investment Opportunity with CAP Rate of 6. Fully Leased Retail Property in Niles. Exceptional opportunity to acquire a fully leased, two-unit masonry retail building in a high-visibility, high-traffic location in Niles. Positioned prominently at the corner of Milwaukee Ave and Jonquil Terrace, this property offers strong in-place income and long-term upside. * Property Highlights: CAP Rate of 6, with stable, long-term tenants. 6,000+ sq ft building on a 10,564 sq ft lot. Zoned C-3 (Commercial) - ideal for a variety of uses. Two retail units: Unit 1: approx. 3,029 sq ft, Unit 2: approx. 2,280 sq ft. Both units are fully leased with long-term lease agreements *Visibility & Location: 123.20 ft of frontage on Milwaukee Ave. Approx. 26,200 vehicles per day (VPD) for maximum exposure. Located just north of Howard & Milwaukee intersection. Easy access to major expressways, public transportation, and retail corridors. * Building Features: 12-14 ft ceilings for flexible retail layouts. Well-maintained property with strong curb appeal. ADA-compliant restrooms (men's & women's). Ample signage opportunities. 200-amp electrical service. Private parking lot for ~30 vehicles plus additional street parking. Professionally landscaped exterior. * Future Potential: Excellent retail build-out already in place. Potential for mixed-use or redevelopment. Possible TIF incentives available through the Village of Niles. * Nearby Businesses: Situated among established retailers and destinations including Kouklas Ristorante, Taco Bell, Baskin Robbins, and Lone Tree Manor Banquet Hall. * Additional Details: 3 PINs: 09252110010000, 09252110020000, 09252110030000. Property Owner is a licensed real estate broker.
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Property Features
- Architecture Style: Other
- MLSID: 12636153
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