For Sale
$425,000

1623 Colonial Pkwy Inverness, IL 60067

Prime Retail Space, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional two-story retail building, located at 1623 Colonial Parkway in Inverness, Illinois, presents a compelling investment opportunity. Boasting 5,330 square feet, the property is situated on a highly visible lot across from Harper College and features ample parking (3 spaces per 1,000 sq ft). The building, constructed in 1983, is zoned B-1/Business B2 and offers a versatile layout. The first floor encompasses 2,085 square feet, currently owner-occupied, while the second floor (1,160 sq ft) is leased. An additional 2,085 square feet of leased space is available in the fully finished lower level. Interior features include several private offices, a large executive conference room, four washrooms, and a kitchenette. The asking price is $425,000, translating to $80 per square foot. Currently, the occupancy rate is 25%, with a modified lease in place for two years. The property benefits from a convenient location, less than two miles from the I-90/Roselle Road interchange and less than five miles from Woodfield Mall. Additional features include a natural gas generator and a picturesque pond view. This property offers significant potential for growth and return on investment. The building is serviced by ComEd (200-amp service).

Highlights

  • 5,330 SF two-story retail building.
  • Owner-occupied 2,085 SF; $425,000 asking price ($80/SF).
  • Three-floor layout: 2,085 SF ground floor, 1,160 SF leased second floor, and 2,085 SF leased lower level.
  • Office space finishes.
  • Ample parking (3 spaces per 1,000 SF).
  • 1983 construction.

Property Details for 1623 Colonial Pkwy

Property type
Retail properties
Square Feet
5,330 SF
Year Built
1983
Stories
2

Location Insight

City
Inverness
County
Cook
State
Illinois
Latitude
42.0837048
Longitude
-88.0791606
1623 Colonial Pkwy, Inverness, Illinois

FAQs

What type of property is this?
Retail property - Prime Retail Space, High Visibility
Where is the retail property located?
The property is located at 1623 Colonial Pkwy Inverness, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5,330 SF two-story retail building.; Owner-occupied 2,085 SF; $425,000 asking price ($80/SF).; Three-floor layout: 2,085 SF ground floor, 1,160 SF leased second floor, and 2,085 SF leased lower level.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1623 Colonial Pkwy
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