100% Occupied | 9.5% Cap | 3 Retail Units for Sale in the Heart of Homewood

2015-2021 Ridge Road Homewood, IL 60430

2015-2021 Ridge Road, Homewood, IL, 60430
2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430 2015-2021 Ridge Road, Homewood, IL, 60430
FOR SALE
Property Type:
Street Retail
Amount:
$465,000
Last Verified:
Oct 06, 2023

Highlights

  • 100% Occupied Three Storefronts
  • Downtown Homewood
  • +/- 1,400 to 2,200 SF Unit Size

Description

SVN Chicago Commercial is pleased to present 2015-2021 Ridge Road, Three (3) Retail Unit Storefronts 100% Occupied in Homewood, Illinois. These +/- 5,000 SF storefronts have an open concept, picture windows, restroom, storage and parking spaces behind the store. Incredible location in the Heart of Homewood, across from Martin Square and new construction of the Hartford Building. The Hartford Building is a four-story mixed-use building with 36 residential apartments.
Homewood is also home to the Four-Diamond Casino development project. The Ridge Road Retailers include The Village Door, Shear Eminence Salon, Van Sipma's Jewelers, Bottle & Bottega Art, Homewood Federal Credit Union, Tin Ceiling Tavern, Mary's Health Hut, and more.

The Village of Homewood is ideally situated within Chicago’s growing south suburbs. Part of Cook County, Homewood is positioned just 25 miles outside of the Loop and all of its culture, entertainment, shopping and dining. The community’s strategic location places it in the midst of the Chicagoland area’s extensive transportation network of highways, railways, public transportation and airports.


Year Built: 1930
Building Size: 5000sq ft
Lot Size: 0.21 acres


Documents

SVN - Sale Brochure Price Reduction

Map of 2015-2021 Ridge Road, Homewood, IL, 60430

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.