6310 26Th StBerwyn, IL 60402

Property Details for 6310 26Th St

Year built

1955

Lot size

0.08 AC

Property size (Sq ft)

2,144 SF

Property type

Retail space

APN

16-29-301-006

APU

1629301006

Description

This exceptional 2,144 square foot commercial property, located at 6310 W 26th Street in Berwyn, Illinois, presents a fantastic opportunity for entrepreneurs. The single-story brick building boasts a desirable location and is offered at a competitive price of $199,500. Recently updated, the building features a new roof (installed in 2023) and a 200 AMP electrical service/panel, ensuring modern functionality. The interior includes newer flooring. While previously used as a bar, the property's versatile layout allows for a variety of business ventures. All existing bar equipment is negotiable, offering flexibility for the new owner. The property includes a two-car garage, although the overhead door currently accommodates only one vehicle. The building is in good condition and is being sold "AS IS," with the buyer responsible for any necessary repairs mandated by the City of Berwyn. This is a prime opportunity to establish or relocate your business in a thriving area. Easy to show, schedule your viewing today. The lot size is 0 acres.

• CAP approach

  CAP return

  Valuation

  6%

  $948,708

  6.5%

  $875,730

  7%

  $813,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $703,725

  Geo Method

  $703,725

• Alternative Use

  Use

  Valuation

  Residential

  $738,711

  Hospitality

  $676,656

  Educational

  $562,969

  Medical

  $582,331

  Retail

  $875,730

Location Insight

City

Berwyn

County

Cook

State

Illinois

Latitude

41.8432

Longitude

-87.7815

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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