Active Under Contract Commercial MLS# 12786969

345-351 W North Avenue

Villa Park, IL 60181

$2,200,000

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About 345-351 W North Avenue

Three income streams and prominent North Ave frontage anchor this commercial investment opportunity, bringing together 2 properties on 1.29 acres. The offering includes a 3,900 SF restaurant building, a 1,220 SF automotive dealership building and an income producing billboard, with reported combined annual rental income of $162,406. The restaurant tenant, automotive dealership tenant and billboard provide diversified rental income within an established commercial corridor surrounded by retail, dining and neighborhood businesses. The combined 56,221 SF site pairs reported rental income with potential future rental growth as lease terms and market conditions allow. Longer term repositioning or redevelopment may offer additional possibilities, subject to zoning and municipal approvals. North Ave visibility and multiple revenue sources make this offering a compelling option for investors seeking current rental income and future potential.

Property details

Property

Type
commercial
Year built
1979
Living area
5,120 sqft
Price / sqft
$430
Lot
1.29 ac

Schools

District
SD 45 DuPage County

Location

School district
SD 45 DuPage County

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Listed by Sabrina Glover, Platinum Partners Realtors

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.