For Sale
$1,950,000

626-630 Green Bay Rd Kenilworth, IL 60043

Prime Kenilworth location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional mixed-use property at 626-630 Green Bay Road in Kenilworth, Illinois, presents a compelling investment or owner-user opportunity. The 10,925 square foot building, constructed in 1961 and situated on a 9,017 square foot lot, boasts a desirable B- Business District zoning. The two-story structure offers a versatile layout currently configured as two ground-floor retail/office spaces and a second floor comprising three apartments and two loft offices. Recent renovations include new kitchens and bathrooms, enhancing the property's appeal. Onsite parking accommodates up to ten vehicles, a significant advantage in this location. The property's strong financial performance is reflected in its 6.44% cap rate and a pro-forma net operating income (NOI) of $125,587. The asking price is $1,950,000. This seven-unit building is ideally positioned in the heart of downtown Kenilworth, offering excellent visibility and accessibility. The existing configuration provides immediate income potential, while the property's zoning and location also present significant redevelopment possibilities for a discerning investor or owner-occupant seeking a high-return asset in a prime Cook County location. The property's strong financials, coupled with its prime location and flexible layout, make it an attractive investment opportunity.

Highlights

  • Excellent investment or redevelopment opportunity.
  • Two ground-floor retail spaces and three apartments plus two loft offices.
  • Recently renovated kitchens and bathrooms.
  • Ten-car parking lot.
  • Prime downtown Kenilworth location.
  • Strong owner-user potential.

Property Details for 626-630 Green Bay Rd

Property type
Retail properties, Office properties
Square Feet
10,925 SF
Year Built
1961
Stories
2
Units
7

Location Insight

City
Kenilworth
County
Cook
State
Illinois
Latitude
42.0905912
Longitude
-87.721028

FAQs

What type of property is this?
Retail property - Prime Kenilworth location, high ROI potential.
Where is the retail property located?
The property is located at 626-630 Green Bay Rd Kenilworth, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Excellent investment or redevelopment opportunity.; Two ground-floor retail spaces and three apartments plus two loft offices.; Recently renovated kitchens and bathrooms.
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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626-630 Green Bay Rd
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