6436 Cass AveWestmont, IL 60559

  • Commercial real estate
  • 955 SF
For Sale
$299,900 View listing

Property Details for 6436 Cass Ave

Year built
1982
Lot size
2.00 AC
Property size (Sq ft)
955 SF
Zone code
N
Property type
Commercial real estate
APN
09-21-217-008
APU
921217008

Description

This 1,000-square-foot retail property, located at 6436 S Cass Ave in Westmont, Illinois, presents a compelling value-add investment opportunity. Currently operating as a fully operational beauty salon with private suites leased to five stylists and technicians, this property boasts a strong 10.59% cap rate and a net operating income (NOI) of $31,753. The asking price is $299,900, translating to $299.90 per square foot. Built in 1970, the property benefits from recent updates and enjoys exceptional visibility on Cass Avenue, with over 15,000 vehicles passing daily. Its strategic location within high-density residential neighborhoods ensures a readily available customer base. This property offers a unique blend of established income and significant upside potential for a savvy investor seeking a strong return in a desirable Westmont location. The property is situated in DuPage County, Illinois, zip code 60559.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $329,043
    Hospitality
    $301,402
    Educational
    $250,763
    Medical
    $259,387
    Retail
    $390,076

Location Insight

City
Westmont
County
Dupage
State
Illinois
Latitude
41.771
Longitude
-87.9753
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,114
$21,390
$37,030
$58,420
-
$64,170
$111,090
$175,260

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