Asking Price: $3,600,000
Building Size: 14,800 SQ FT
Lot Size: 8276
Cost per Square Foot: $243.24
Kiser Group is pleased to exclusively present 5227 Main in downtown Downers Grove for sale. The mixed-use property is on an 8,275 sf parcel and has 16 apartment units, 4 retail spaces on Main street, and 1 commercial space in the rear. This is the first time this property has been available on the market in decades. Several of the apartments are occupied by long time tenants all on month to month leases. The property is located in the bustling downtown district and offers an opportunity for the successful investor to provide a workforce housing option in the same location as many new multifamily developments. This property provides an opportunity for the successful investor to acquire an asset in a thriving economic center and reposition the asset to increase rents providing an affordable option for tenants.
Key Points: Twelve (12) 1 Bedroom/ 1 Bath Units, Four (4) Studio's, Five (5) Retail Spaces Located in Downtown Downers Grove Walkers' Dream - Metra Stop, Shopping, Dining & Entertainment Rental Upside