110-112 Broadway, Melrose Park, IL 60160
Highlights:
– Downtown Melrose Park mixed use commercial building on 6,600 Sq Ft lot, in high-visibility location with average traffic of over 5,150 vehicles per day
– Consists of one retail space & one restaurant space on first floor, plus three second-floor apartments
– Conveniently located just one block from Metra station, opposite Melrose Park Police Department, with plentiful street parking
– Just 0.2 miles from future site of Melrose Park’s First Transit-Oriented Development at 2100 Main Street, to include 47 newly-rehabbed apartment units
– Owner pays water (approx $350/year for entire building in 2014-15) / tenants pay electricity & gas
Unit Mix:
110 Broadway / 3,200 Sq Ft
– Retail = approx 1,700 Sq Ft / rented by Melrose Pawners & Jewelers Cash Express (~20 year tenant) for $1,000/month (Gross)
– Apartment 2F = 2 bed / 1 bath (no living room) – approx 750 Sq Ft (vacant)
– Apartment 2R = 2 bed / 1 bath – approx 750 Sq Ft (vacant)
112 Broadway / 5,345 Sq Ft
– Retail = 1,790 Sq Ft / rented by Los 3 Gallos Restaurant for $1,500/month (Gross)
– Garage = 1,855 Sq Ft / 2-car plus 2nd floor for storage (used by restaurant tenant)
– Apartment 2F = 4 bed / 2 bath – approx 1,700 Sq Ft (vacant)
