Evergreen Park Professional Building

CLOSED
Evergreen Park Professional Building

High Density Retail and Services

High Historical Occupancy
​Over 40,000 Vehicles Per Day
​9.06% Cap Rate | 16.73% Total Leveraged Return | 11.73% Cash on Cash Return

3317-3319 W 95th Street, Evergreen Park, IL 60805

* Sale Price $942,500

* Sold at 94% of List

* 52 Days on Market

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3317 - 3319 West 95th Street - Evergreen
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Market Summary

Price                                   $999,950

Cap Rate                            9.06%

NOI                                     $90,551

Rentable SF                       7,830 SF

Price per SF                       $127.71

Year Built/Renovated        1966/2007

Lot Size                               .33 Acres

Description

Marcus & Millichap is pleased to present 3317 West 95th Street in Evergreen Park, Illinois.​ The two-story multi-tenant office building is 86 percent occupied by many professional tenants.​ The building has had a high historical occupancy.​
This well-kept, multi-tenant office building has no deferred maintenance.​ Masonry construction.​ Renovated exterior with stucco, providing a modern appearance.​ New rubber membrane roof (2013) and new windows and frames.​

Located in Evergreen Park, Illinois a southwest suburb of the Chicago Metropolitan Statistical Area, the property has enjoyed a historically high occupancy rate due to the proximity of a myriad of national retailers and healthcare options located on the busy 95th Street corridor.​

The pathway to profit in the property is to stabilize the tenancy by signing longer-term leases with the current tenants, many who have been there for some time, and taking advantage of leasing the vacant space.​