Iconic RETAIL building FOR SALE: Downtown Clarendon Hills

27-31 S. Prospect Avenue Clarendon Hills, IL 60514

27-31 S. Prospect Avenue, Clarendon Hills, IL, 60514
Street view
27-31 S. Prospect Avenue, Clarendon Hills, IL, 60514
FOR SALE
Property Type:
Street Retail
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Jan 14, 2021

Highlights

  • Prime, Iconic Retail building For Sale..
  • Downtown Clarendon Hills.
  • Corner property!
  • Low DuPage County real estate taxes.
  • Walk to Metra station.
  • Possible redevelopment site.
  • Full lower level!

Description

Fee Simple
Corner of S. Prospect Ave. and Park Ave.
5,500 SF of storefront retail

Iconic/High Visibility Retail location!
Corner of Main & Main in Clarendon Hills
60' of frontage on S. Prospect Avenue
100' of frontage on Park Avenue
Walk to Metra
Public parking short block away
Across from Starbucks

Building Size: 5500sq ft
Lot Size: 0.17 acres

Map of 27-31 S. Prospect Avenue, Clarendon Hills, IL, 60514

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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.