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525 S Addison Road Addison, IL 60101 • Land - Commercial • New

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Description

Commercial corner and former 7/11 store is available for redevelopment. This high profile corner has two existing curb cuts on Addison and additional curb cut on Lorraine. Adjoins Starburst Bowl. Well located between North Avenue and Lake Avenue with per day traffic count. Approx. 190 feet frontage on Addison by 150 feet on Lorraine. Many end user possibilities: convenience store with fuel, free standing restaurant with drive through, multi unit strip center, franchise coffee shop with drive through, tunnel car wash, professional office building, flex office/warehouse, etc...Contact city of Addison with your ideas and discuss possible new business incentives. Seller may consider joint venture but prefers to sell to pursue other opportunities.

Property Highlights

Property Type: Land - Commercial
Total Acres: 0.65 Acres
Utilities: Electric to Site, Natural Gas Available, Sewer Connected

General Information

County: DuPage
High School: Addison Trail High School
Listed By:
Robert E. Frank Real Estate 847-356-5263
MRED MLS
$469,000
Est. $3,009/mo
New to the Market New
LOT SIZE 0.650 acres MLS#12573995
STATUSNew PROPERTY TYPELand - Commercial SCHOOLDistrict 88
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Malisa Kothe
 (319) 850-6936

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525 S Addison Road , Addison, IL 60101.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $469,000$469,000$469,000
Down Payment $93,800$16,415$117,250
Monthly Mortgage Amount $2,219$2,761$2,874
Taxes $653$653$653
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$206$0
Monthly Estimated Total $3,009$3,757$3,664

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