Kenilworth Retail/Re-development Opportunity

515 Park Drive, Kenilworth, IL

$599,000

Price

2,370 sqft

Building Size

0.0544 acres

Lot Area

Overview
Building Size
2,370 sqft
Lot Area
0.0544 acres
Year Built
1949
Floors
1
Description

Huge Price Reduction!
First time on the market in 50 years. This well-located retail building is located on Park Drive across from the Metra station in Kenilworth, IL - one of Chicago's wealthiest communities. The long-time home of The Federalist Antiques, the property is a 2,370 SF single-story commercial building that could accommodate any retail, office, or service business. Great street parking and visibility. The property is situated in Kenilworth's B-Business District as well as the village's TIF district. Current zoning would allow for a 3+ story structure to be built on the site. It is also adjacent to several other properties that could accommodate an assemblage of up to approx. 11,000 SF of land for new development.

Kenilworth, IL is a bedroom community in Chicago's affluent north shore suburban area. Located approx. 15 miles from downtown Chicago, Kenilworth is one of the most affluent towns in America, with an average annual household income of nearly $300,000 and an average home price of over $1.1 Million. Green Bay Road is the major north-south commercial corridor in this affluent area, which includes the neighboring towns of Winnetka and Wilmette.

Highlights
  • Huge Price Reduction!
  • Approx. 2,370 SF single-story commercial building
  • Great visibility and location
  • Across the street from the Kenilworth Metra train station
  • Easy street parking
  • Perfect for any retail, office or service business
  • Flexible B Business zoning allows for many possible uses including retail, residential, office, mixed-use as well as a 3+ story structure
  • Potential for assemblage of up to 11,000 SF of land
  • Located in Kenilworth's TIF District
Documents

Location
Gallery