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20630 Torrence Avenue

Lynwood, IL 60411
  • $1,200,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 11257128
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

Great investment opportunity fully leased strip mall on approximately 3 acres of land. The main mall has Four tenants with ample parking. Additionally, there is an established (currently not opened and available for lease) Restaurant/Bar grill building on the premises. There is roughly 3200 sf with Bar, Dance floor, pool room, and video gaming in addition to inside seating. Full Kitchen with all equipment comes with the property. There is a beautiful partially covered 30x60 deck-patio for all summer outside entertainment. The restaurant is the only space available for lease at $4,000/mo. Full basement with tons of storage. The second floor of the restaurant building currently works as an office space. It can be easily converted to live-in quarters after village approval. Nothing to do here folks just collect rents!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-01T23:58:58.677 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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20630 Torrence Avenue Lynwood, IL 60411

  • Price: $1,200,000
  • Status: Active
  • On Site: 35 Days
  • MLS #: 11257128
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Lynwood
County:
Cook
Area:
Lynwood
Property Description
Great investment opportunity fully leased strip mall on approximately 3 acres of land. The main mall has Four tenants with ample parking. Additionally, there is an established (currently not opened and available for lease) Restaurant/Bar grill building on the premises. There is roughly 3200 sf with Bar, Dance floor, pool room, and video gaming in addition to inside seating. Full Kitchen with all equipment comes with the property. There is a beautiful partially covered 30x60 deck-patio for all summer outside entertainment. The restaurant is the only space available for lease at $4,000/mo. Full basement with tons of storage. The second floor of the restaurant building currently works as an office space. It can be easily converted to live-in quarters after village approval. Nothing to do here folks just collect rents!
Interior Features

Cooling Central Individual Heat Ventilation Central Heat/Indiv Controls Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 8000 Electric Separate Meters Fire Protection Fire Extinguisher/S Gross Income 93600 Gross Scheduled Income 93600 Leasable Area 8000 Net Operating Income 50863 Number Of Tenants 4 Operating Expense 42737 Property Offered For Sale Only Property Sub Type Free Standing Store Tax Annual Amount 42737 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatSewer Total Monthly Income 7800 Township Bloom Type Retail/Stores Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Apple Real Estate Inc..


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-01T23:58:58.677 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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