2626 Flossmoor RdFlossmoor, IL 60422

Property Details for 2626 Flossmoor Rd

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

6,357 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

31-12-202-040

APU

3112202040

Description

This exceptional mixed-use property at 2626 Flossmoor Road, Flossmoor, IL, presents a truly lucrative investment opportunity. The 6,357 square foot building encompasses a thriving men's high-fashion showroom complete with all fixtures and furnishings, a fully equipped tailor shop, and income-generating rental apartments. This turnkey operation includes $1,000,000 worth of inventory, ensuring a seamless transition for the new owner. The business boasts a remarkable 42-year history, establishing strong domestic and international credit standing. The current owners will provide a 60-day transition period, including access to a professional website and a customer list of 1300 clients. Ample parking is available with 5 spaces in the front and 5 in the rear of the building. This is a rare chance to acquire an established, cash-flowing business with significant potential for growth. The property is priced at $1,100,000 and offers a compelling return on investment. Don't miss this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,533,269

  6.5%

  $2,338,402

  7%

  $2,171,373

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,283,399

  Geo Method

  $1,283,399

• Alternative Use

  Use

  Valuation

  Residential

  $2,338,402

  Hospitality

  $2,141,964

  Educational

  $1,782,088

  Medical

  $1,843,377

  Retail

  $2,772,138

Location Insight

City

Flossmoor

County

Cook

State

Illinois

Latitude

41.5423

Longitude

-87.6807

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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