1. Illinois
  2. Richton Park
  3. 3911 Sauk Trail
$383,900

3911 Sauk Trail, Richton Park, IL 60471

  • 8,456 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1990
  • Property Lot Size Icon0.67acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $45/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

Clean 8,400 sq/ft, 4 unit commercial storefront on busy Sauk Trail with over 27,000 vehicles passing by per day. The building 5 out of 6 are leased with strong long term tenants like Statefarm and Xtra Cute Salon. The building could be reconverted back to 6 units in the future and after the recent tax reduction the building will have cash flow. The building sits on nearly .7 acres and has over 40 parking spaces in the front and rear of the building. Zoning is special because it allows most business/office/restaurant use plus the option for Cannabis retail and growth with a special use permit. Zoning allows for mixed use so you could add an apartment to either building to qualify for residential taxation. Taxes were appealed successfully and new taxes for 2025 will be less and the cap rate will be over 7 in 2025.

Listing Status:
Active
Listing Office:
xr realty : 708-250-4001
Listing Agent:
Adam Ramahi : 708-250-4001
MLS ID:
12189400
  • A/C: Central Air

This listing courtesy of Adam Ramahi, xr realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sauk Elementary School

4435 S Churchill Dr, Richton Park, IL, 60471

Grades 4-6

0.72 miles away

O

O W Huth Middle School

3718 213th Pl, Matteson, IL, 60443

Grades 7-8

1.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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