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6158 S Harlem Avenue

Summit, Illinois 60501


Pam Tuggle
773.472.0200

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$565,000


Square Footage
2,771
Pam Tuggle
773.472.0200
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Property Type
Retail Store
Neighborhood
Summit


GREAT CASH FLOWING INVESTMENT PROPERTY WITH AN 8.8% CAP RATE. CURRENT TENANT HAS BEEN IN PLACE 4 YEARS WITH 4 YEARS REMAINING ON LEASE AND IS SUCCESSFUL AUTO SALES AND SERVICE WITH TRIPLE NET (NNN) LEASE. OPTION FOR 3% ANNUAL INCREASE AND 5 YEAR RENEWAL. NEWLY REMODELED TWO-STORY BRICK OFFICE BUILDING WITH TWO RESTROOMS AND OUTDOOR SPACE FOR 50-55 VEHICLES. SERVICE AREA INCLUDES 3 BAYS WITH OVERHEAD DOORS. BUSY, HEAVILY TRAFFICKED COMMERCIAL CORRIDOR RIGHT ON HARLEM AVENUE. DO NOT DISTURB TENANT. SHOWN BY APPOINTMENT ONLY WITH 48 HOUR NOTICE.



Full Features
Built: 1959
Cooling System: Central Air
Stories: 2
Ceiling Height: 13
Current Use: Commercial
Potential Use: Commercial, Retail
Zoning: COMMR
# of Drive-In Doors: 3
Rentable Square Feet: 1,950
Building Square Feet: 2,771
Current Net Income: $49,440


Taxes & Assessments
Taxes: $4,036

Listing information updated today (08/24/2017)


Summit

Summit is part of the Southwest Suburbs. The southwest suburbs encompass many vibrant suburban communities that continue to attract residents who enjoy affordable housing and close proximity to the city of Chicago. Housing throughout the southwest suburbs consists of a…

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Nearby Public Transportation

Metra
Heritage Corridor

at Summit Metra (1.16 miles away)






6158 S Harlem Avenue Summit, Illinois 60501 is a retail store property, currently listed at $565,000. Want to learn more about 6158 S Harlem Avenue Summit, Illinois 60501? Contact an @properties agent to request more info.