6340 26Th StBerwyn, IL 60402

Property Details for 6340 26Th St

Year built

1920

Lot size

0.15 AC

Property type

Retail space

APN

16-29-300-003

APU

1629300003

Description

This exceptional investment opportunity presents a two-unit retail building situated on the bustling 26th Street in Berwyn, Illinois. Boasting high visibility and significant foot traffic, this property offers immense potential for redevelopment. Currently vacant, the building requires a complete rehabilitation and is being sold in its "as-is" condition. The combined square footage of the two units totals approximately 4,000 square feet, although this measurement should be independently verified. Convenient rear parking is available for customers and employees. The property's location on 26th Street ensures excellent exposure to a large customer base, making it ideal for a variety of retail businesses. This is a unique chance for investors or entrepreneurs to create a customized retail space tailored to their specific needs in a highly desirable and established commercial area. The asking price reflects the need for renovation, presenting a significant value proposition for buyers willing to undertake the necessary improvements. The property's size and location make it an attractive prospect for those seeking a strong return on investment in a thriving commercial corridor. Serious inquiries are encouraged to explore this exciting opportunity to transform a vacant building into a thriving retail destination. All interested parties are responsible for conducting their own due diligence and verifying all property details.

• CAP approach

  CAP return

  Valuation

  6%

  $2,986,836

  6.5%

  $2,757,080

  7%

  $2,560,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,215,552

  Geo Method

  $2,215,552

• Alternative Use

  Use

  Valuation

  Residential

  $2,325,700

  Hospitality

  $2,130,329

  Educational

  $1,772,408

  Medical

  $1,833,364

  Retail

  $2,757,080

Location Insight

City

Berwyn

County

Cook

State

Illinois

Latitude

41.8431

Longitude

-87.7829

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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