Melrose Park IL Commercial for Sale
The median home value in Melrose Park, IL is $282,250.
This is
higher than
the county median home value of $214,400.
The national median home value is $219,700.
The average price of homes sold in Melrose Park, IL is $282,250.
Approximately 45.06% of Melrose Park homes are owned,
compared to 48.37% rented, while
6.57% are vacant.
Melrose Park real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Melrose Park real estate agent to arrange a tour today!
- Type:
- Other
- Sq.Ft.:
- 6,950
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1961
- Baths:
- MLS#:
- 11978478
View additional info
Courtesy: Alexander Realty LLC
708-878-7213
ADDITIONAL INFORMATION
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1890
- Baths:
- MLS#:
- 11970738
View additional info
Courtesy: RE/MAX 1st Service
708-675-1600
ADDITIONAL INFORMATION
ATTENTION: INVESTORS & RESTAURANT OWNERS. TAKE A LOOK AT THIS MIXED USE BUILDING LOCATED STEPS AWAY FROM THE MELROSE PARK METRA STOP AND ACROSS THE STREET FROM POLICE STATION. FIRST FLOOR IS A WELL ESTABLISHED BUSINESS FOR MORE THAN 13 YEARS "EL JIRABITO". BUSINESS INCLUDED IN THE PRICE WITHOUT INVENTORY. SECOND FLOOR HAS AN APARTMENT WITH 2 BEDROOMS, LIVING ROOM, KITCHEN , DINING ROOM. APARTMENT AND RESTAURANT HAS BEEN REMODELED IN 2020: KITCHEN REMODELED WITH NEW KITCHEN HOOD, KITCHEN SUPPRESSION SYSTEM, ELECTRIC, PLUMBING, HEATING, DUCK WORK, WALLS, A/C, HOT WATER TANK, FURNACE, KITCHEN CABINETS ON SECOND FLOOR, BATHROOMS WERE ALSO REMODELED. ROOF WAS DONE IN 2018. THE LOT ADJACENT IS NOT PART OF THE DEAL BUT OWNER IS RENTING FOR $1000 A MONTH EXTRA. NOW IT'S LIKE A MINI BAR AND ENTERTAINMENT AREA. IT'S A GREAT OPPORTUNITY. UNFORTUNATELY OWNER HAS TO MOVE OUT OF STATE. MAKE YOUR APPOINTMENT TODAY!!!!
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1967
- Baths:
- MLS#:
- 11955214
View additional info
Courtesy: eXp Realty LLC
888-574-9405
ADDITIONAL INFORMATION
6 Flat with 5 two bedrooms apartments and 1 one bedroom apartment. Owner pays for heat and common area electric. It is fully occupied with long time tenants, rents are low. Roof 8 years old, Boiler 9 years old Tenants pay for Electric & Cooking gas. Walking Half a block from Lake St, walking distance to shopping, transportation and restaurants. To be sold as is.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1961
- Baths:
- MLS#:
- 11948658
View additional info
Courtesy: eXp Realty LLC
888-574-9405
ADDITIONAL INFORMATION
Brick 6 Flat on corner lot. 5 two bedrooms 1 one bedroom Rents are below market. West Leyden High School - No leases, all units are on a Month to Month. TO BE SOLD AS IS. - Owner pays for heat for the whole building, Roof 2023 - Tenants pay for electricity and cooking gas. - Long-time tenants
$1,590,000
171 N 25th Avenue Melrose Park, IL 60160
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.42 Acres
- Year built:
- 1945
- Baths:
- MLS#:
- 11796776
View additional info
Courtesy: Baird & Warner
847-392-1855
ADDITIONAL INFORMATION
Buyer suffered cold feet is your opportunity now to be the new buyer/owner. **Price Reduction** Prime Melrose Park Multi-Family consisting of a 2-story brick & stone building containing 20 residential apartments (made up of 10 one-bedroom and 10 two-bedroom apartments). All have leases mostly in place early 2024. Has 22 parking spaces. Healthy generating NOI and with further room to grow by decreasing expenses and bringing units closer to market rent. In addition, the 8,000 square foot basement can be sub divided for further rental income to either tenant storage, or two businesses. Plus, even more additional income is available by finishing the coin operated laundry room on 1st floor by adding 2 washers / 2 dryers, and if separate office space is rented out. This property is ideally located with many employment opportunities, retail, and restaurants all within short walking distance. If you're looking to add a cash cow to your portfolio, this is the one.
- Type:
- Other
- Sq.Ft.:
- 1,750
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- MLS#:
- 11772577
View additional info
Courtesy: Millennium Properties RE, Inc.
312-338-3000
ADDITIONAL INFORMATION
Office/Retail building available on Broadway in Melrose Park. 1750 sq foot formerly occupied by an insurance company, ideal for any type of small office or retail. Parking in rear.
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