11359 Harlem AveWorth, IL 60482

Property Details for 11359 Harlem Ave

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

4,140 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

24-19-114-009

APU

2419114009

Description

This exceptional 5,100 square foot retail building at 11359 S Harlem Avenue in Worth, IL, presents a unique investment or owner-operator opportunity. Boasting excellent street visibility thanks to two large display windows facing Harlem Avenue, this property is ideally suited for a variety of retail ventures. The ample parking includes eight designated spaces, supplemented by convenient street parking. The building's history includes over 50 years of successful operation as a formal dress boutique, demonstrating its enduring appeal and established location. The property features a sizable first floor, perfect for retail operations, and a second floor offering versatile mixed-use potential. This upper level could serve as additional commercial space or comfortable living quarters, creating a live/work scenario. Separate electricity meters for each floor provide efficient utility management, while a shared bathroom is conveniently located upstairs. The property is available for both sale at $735,999 and lease. This presents a compelling opportunity for investors seeking a strong return or experienced retail owners looking for a turnkey operation with significant upside. The combination of high visibility, ample parking, and flexible space makes this a truly exceptional offering in a desirable location. Contact us to explore this exciting prospect further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,649,793

  6.5%

  $1,522,886

  7%

  $1,414,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $835,814

  Geo Method

  $835,814

• Alternative Use

  Use

  Valuation

  Residential

  $1,522,886

  Hospitality

  $1,394,955

  Educational

  $1,160,586

  Medical

  $1,200,500

  Retail

  $1,805,356

Location Insight

City

Worth

County

Cook

State

Illinois

Latitude

41.6847

Longitude

-87.7969

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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