110 Park AveElmhurst, IL 60126

Property Details for 110 Park Ave

Year built

1904

Lot size

0.14 AC

Property size (Sq ft)

6,681 SF

Zone code

C

Property type

Investment properties

Property subtype

Live-work space

APN

06-02-232-005

APU

602232005

Description

This exceptional 3,600-square-foot restaurant space is available for lease in the vibrant heart of downtown Elmhurst, Illinois. Located at 110 W Park Ave, this Class A property boasts a prime storefront location on a busy street, offering high visibility and foot traffic. Completely renovated in 2023, the space features a 15-foot ceiling height and is ready for immediate occupancy. Previously configured as a restaurant and bar, the layout is ideal for a variety of food and beverage concepts. The property benefits from its proximity to the Elmhurst Metra station, providing convenient access for commuters and customers. Elmhurst itself is a thriving suburban city with a population exceeding 45,000 residents and over 2,500 businesses, ensuring a strong customer base. The location's Walk Score of 91 reflects its dense concentration of retail establishments, universities, museums, and a nationally recognized library. Easy access to I-290 further enhances its appeal. Situated in a Tax Increment Financing (TIF) district, this property offers the advantage of low DuPage County taxes. Street parking is available. The property is a single-tenant space, offering 3,600 contiguous square feet. This is a unique opportunity to establish a business in one of Chicago's most affluent and rapidly growing suburbs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,011,091

  6.5%

  $1,856,392

  7%

  $1,723,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $870,200

  Geo Method

  $870,200

• Alternative Use

  Use

  Valuation

  Residential

  $2,301,926

  Hospitality

  $2,108,552

  Educational

  $1,754,290

  Medical

  $1,814,623

  Retail

  $2,728,896

Location Insight

City

Elmhurst

County

Dupage

State

Illinois

Latitude

41.8992

Longitude

-87.9406

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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