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Redevelopment Opportunity | B-2 Zoning | Interstate Access

Redevelopment Opportunity | B-2 Zoning | Interstate Access

1051-1057 Lake Street
Hanover Park, Illinois


price: $1,250,000

gla: 17,503 SF

cap: 2.03%

lot: 3.72 Acres

built: 1989

noi: $25,357

 

  • Redevelopment Opportunity | B-2 Zoning
  • Hard Corner, Stoplight Intersection Location | Combined Traffic Counts of 42,000 Vehicles
  • Ample Size Lot | 3.72 Acres
  • Directly in Front of the Turnberry Lakes Industrial Park | 38 Plus Businesses
  • Half a Mile from the Newly Expanded Elgin O’Hare Expressway, with Access to Interstate 290 | Traffic Count of 37,025 Vehicles
  • Less Than 1.5 Miles from Metra Station – 6,349,815 Total Entries for the Milwaukee District West Line
  • Population of 106,952 People Within Three Miles
  • Subject Property is Part of the Village’s Lake Street Corridor Planning Study
  • Average Household Income is $104,150 Within Three Miles
  • Part of the Southwest Portion of “The Golden Corridor,” Given the Name Because of its Phenomenal Rate of Growth
  • City has a AA Bond Rating
  • 30 Miles Northwest of Downtown Chicago
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Adrian Mendoza
First Vice President Investments

Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
 
* Broker of Record: Steven Weinstock