31 S Prospect Ave, Clarendon Hills, IL 60514

Choose nearby businesses to show on the map:

Building Details:

31 S Prospect Ave is located in Clarendon Hills, IL.

EXP Realty Advisors, Inc. has been exclusively retained to offer for sale this 5,500 square foot four tenant main street retail building located at 27-31 South Prospect in the downtown business district of Clarendon Hills, IL. Tenants include Tres Agave Mexican Kitchen (guarantee by Scapa Italian Kitchen), All Wined Up, Shaggy Chic Modern Dog Boutique and Clarendon Hills Shoe Repair/Cleaners. This offering represents a unique opportunity to own a prominent and very successful commercial building on a prime downtown corner in one of Chicago’s most affluent suburban communities.

The Property was completely redeveloped in 2006 at a cost of $450,000, which included a major façade upgrade with new store fronts, brick masonry, exterior lighting, signage and architectural details. In addition each tenant space has been completely renovated and brought up to current building code standards. The subject property is a 100% leased with a stabilized net operating income of $170,456. All leases with the exception of the 641 square foot Shoe Repair/Cleaners are net leases with Tenants responsible for their pro-rata share of real estate taxes, building insurance, utilities and common area maintenance which includes property management and administration fees. All tenants are responsible for the maintenance and repair of the interior of the premises including plumbing, electrical and HVAC systems.