215 25Th AveBellwood, IL 60104

Property Details for 215 25Th Ave

Year built

1928

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

11,761 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

15-10-113-006

APU

1510113006

Description

This exceptional 6,000-square-foot property presents a unique opportunity for businesses seeking flexible and versatile workspace. Currently configured as a coworking space, this property is ideally suited for a variety of uses, including traditional office space and event hosting. The expansive layout offers ample room for multiple tenants or a single large occupant. The building's classification as both office and industrial allows for a broad range of potential applications, catering to businesses with diverse operational needs. The current asking price is below market value, representing a significant financial advantage for prospective tenants. This presents a rare chance to secure a substantial space at a highly competitive rate. The property's adaptability makes it an attractive option for companies seeking to expand their operations or establish a new presence. Its size and versatility make it suitable for a wide range of businesses, from startups to established corporations. The location offers convenient access to [Location information not provided, therefore omitted], further enhancing its appeal. Serious inquiries are encouraged to explore this exceptional opportunity to secure a prime commercial space at an unparalleled value. The property is available immediately and ready for occupancy. Contact us today to schedule a viewing and discuss your specific requirements. This is a rare opportunity to acquire a large, versatile space at a below-market price.

• CAP approach

  CAP return

  Valuation

  6%

  $4,389,916

  6.5%

  $4,052,231

  7%

  $3,762,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,374,399

  Geo Method

  $2,374,399

• Alternative Use

  Use

  Valuation

  Residential

  $4,052,231

  Hospitality

  $3,711,822

  Educational

  $3,088,192

  Medical

  $3,194,400

  Retail

  $4,803,854

Location Insight

City

Bellwood

County

Cook

State

Illinois

Latitude

41.8889

Longitude

-87.8635

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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