
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
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3317-3319 W 95th Street, Evergreen Park, IL 60805
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* Sale Price $942,500
* Sold at 94% of List
* 52 Days on Market





Market Summary
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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
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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.​
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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.​
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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.​