310 Happ RdNorthfield, IL 60093

  • Retail space
  • 1.54 AC
For Lease

Property Details for 310 Happ Rd

Year built
1988
Lot size
1.54 AC
Property type
Retail space
Property subtype
Storefront properties
APN
05-19-327-005
APU
519327005

Description

This exceptional 950-square-foot retail storefront is situated in the vibrant Northfield Village Center, offering unparalleled visibility and accessibility. Located at 310 N Happ Rd, Northfield, IL 60093, this single-tenant space enjoys a prominent corner location directly west of the Edens Expressway and south of Willow Road. The property boasts a highly desirable position overlooking the attractive brick courtyard, ensuring maximum exposure to foot traffic. This space is currently vacant and ready for immediate occupancy. The strategic location within Northfield Village Center places the property in close proximity to a variety of established businesses, including Mariano's, Dunkin' Donuts, Walgreens, U Dawg U, The Happ Inn, Starbucks, and Shred 415, all within a half-mile radius. The high traffic area, combined with its proximity to the Edens Expressway, guarantees significant exposure to a large customer base. The property's location at the entrance from Happ Road, adjacent to the Rocky Mountain Chocolate Factory, further enhances its visibility and appeal. This is a rare opportunity to secure a prime retail space in a thriving, well-established shopping center in Cook County, Illinois. The property's 950 square feet provide ample space for a variety of retail uses. Don't miss this chance to establish your business in a highly sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $29,683,402
    6.5%
    $27,400,064
    7%
    $25,442,916
  • Comparable approach

    Method
    Valuation
    Relative Method
    $22,018,324
    Geo Method
    $22,018,324
  • Alternative Use

    Use
    Valuation
    Residential
    $23,112,978
    Hospitality
    $21,171,364
    Educational
    $17,614,326
    Medical
    $18,220,110
    Retail
    $27,400,064
310 Happ Rd, Northfield, Illinois

Location Insight

City
Northfield
County
Cook
State
Illinois
Latitude
42.0995
Longitude
-87.7697
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$140,519
$419,987
$240,841
$660,828
-
$1,679,948
$963,364
$2,643,312

FAQs

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