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$520,000
Favorite
4,970
square ft

8744 N Shermer Road

NILES, Illinois 60714
Closed / MLS #9863010 / Retail Store / Niles
Listing information updated 3/16/2018 at 1:30am
Ideal North Shore Investment and/or User Property! Just off the intersection of Dempster & Shermer in desirable Niles! This 4,970 square foot retail center is divided into three units. Leases are intentionally short term in nature allowing for user to take over or investor to raise below market rates. The largest unit, a 2,456 square foot space, is leased through December 2019 to a dance studio for $2,163 per month modified gross. The 1,260 sf space is leased out for $1,500 until 11/30/2017 and can easily be extended. Building received a entire new facade in 2017, has a highly visible pylon on and ample parking. Ideal center for user or investor looking for retail in the northern suburbs of Chicago. Fifteen miles from downtown, Niles is a stable middle-class suburb of Chicago. Niles benefits from access to the Tri-State Tollway (I-294) and the Edens Expressway (I-94), making it a convenient location for a number of businesses.

Full Features

Built:
1974
Parking Spaces:
20
Cooling System:
Central Air
Stories:
1
Current Use:
Other
Potential Use:
Commercial, Retail
Zoning:
COMMR
Rentable Square Feet:
1,260
Building Square Feet:
4,970
Current Net Income:
$32,852

Taxes & Assessments

Tax Amount:
$26,836
Tax Year:
N/A

Location

Zip Code:
60714
City:
Niles
County:
Cook

Listing Office: First Western Properties

Listing Office Phone: 773.545.2000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/16/2018 at 1:30am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Niles, IL

Just 15 minutes from the hustle and bustle of downtown Chicago, the Village of Niles offers quiet residential neighborhoods shaded by towering trees. Despite being outside the city, Niles still has a cosmopolitan vibe with its own half-size replica of the Leaning Tower of Pisa and active Sister Citi...
$367,293
Average Sale Price
33
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 8744 N Shermer Road, Niles, IL 60714

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8744 N Shermer Road is a retail store which sold for $520,000. This retail store has been listed on @properties since February 21st, 2018 and was built in 1974.

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