6000 Dempster StMorton Grove, IL 60053

Property Details for 6000 Dempster St

Year built

1956

Lot size

2.02 AC

Property type

Retail space

APN

10-17-318-003

APU

1017318003

Description

This exceptional 4,400 square foot retail space, located at 6000 W Dempster St in Morton Grove, Illinois, presents a unique investment opportunity. Situated within the 20,000 square foot Dempster Austin Center, this property boasts a prime location at the intersection of Dempster and Austin streets, in Cook County, zip code 60053. The building, constructed in 1950, is zoned C-1, offering flexibility for a variety of uses. The space is currently vacant and offers 4,400 square feet of adaptable area, previously used as a restaurant. This makes it ideal for a variety of retail or office concepts. The expansive 29,491 square foot lot provides ample space for outdoor seating or additional development, subject to zoning regulations. The property's multiple tenancy structure offers the potential for synergistic business relationships within the center. This is a rare opportunity to acquire a well-located, versatile commercial space in a thriving community. The property's history as a restaurant provides a solid foundation for a variety of food-related businesses, or it can be easily adapted to suit other retail or office needs. This space offers significant potential for growth and profitability. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $38,935,516

  6.5%

  $35,940,476

  7%

  $33,373,298

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,881,286

  Geo Method

  $28,881,286

• Alternative Use

  Use

  Valuation

  Residential

  $30,317,136

  Hospitality

  $27,770,334

  Educational

  $23,104,592

  Medical

  $23,899,194

  Retail

  $35,940,476

Location Insight

City

Morton Grove

County

Cook

State

Illinois

Latitude

42.0413

Longitude

-87.7772

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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