commercial property at berwyn-2618 ridgeland
DESCRIPTION
Industrial real estate, retail office space and Commercial Real Estate available at auction or for Lease in and around Chicago, Illinois.TRANSCRIPT
Mixed-Use Medical Office in Berwyn
Brad ThompsonVice President(312) 338 - [email protected]
Disclaimer: Millennium Properties R/E is the owner’s designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
Price Reduced $ 395,000
2618 Ridgeland Ave. | Berwyn, IL
$ 445,000
Michael MintzAssociate(312) 338 - [email protected]
Investment Highlights • 4,700 SF mixed-use building on 7,900
SF lot plus 3,900 SF parking lot
• Currently 100% occupied• 2,740 SF used as medical office• 3 bed, 2 bath apartment
• Medical office built out with wait-
ing room, 4 offices, several treatment
rooms, x-ray room, a lab and kitchenette
• Current Monthly Income: $6,250
• Ample parking behind building and in
overflow lot
• Recent cosmetic updates to exterior
• Zoning: C-1, limited commercial
• Taxes (2013): $10,941
Property HighlightsNear 26th and Ridgeland, this 1.5 story mixed-use building is fully occupied. The 2,740 square foot storefront is occupied by a medical office. The office is built out with several private offices, a waiting room, treatment rooms, an x-ray room, a lab and a kitchenette. A three bedroom, two bath apartment is located on the second floor. The property has ample parking with an at-tached garage and two parking lots.
Area HighlightsBerwyn is a western suburb of Chicago to-taling 3.8 square miles. The town is home to 56,657 people and 18,910 households as of the 2010 census.
Brad Thompson(312) [email protected]
2618 Ridgeland Ave. | Berwyn, IL Now: $ 395,000
Disclaimer: Millennium Properties R/E is the owner’s designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
Michael Mintz(312) [email protected]
Rent Roll
Unit TenantAnnual Rent SF Rent/SF
Lease Type
Lease Exp. Comments
1 Ridgeland Foot & Ankle
$60,000 2,740 $21.90 Net MTM 80% of expenses reim-bursed to ownership
2 Residential Tenant $15,000 1,960 n/a n/a Annual –
Total/Average $75,000 4,700 $21.90
Aerial
Mixed-Use with Parking
Overflow Parking
Brad Thompson(312) [email protected]
2618 Ridgeland Ave. | Berwyn, IL Now: $ 395,000
Disclaimer: Millennium Properties R/E is the owner’s designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
Michael Mintz(312) [email protected]
Property Photos
Waiting Room
Exam Room
Medical Records Area
Parking Area