Hanover II

Retail-Commercial for Sale
Catylist Listing ID: 30024818
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 33,000 SF
Gross Land Area: 12.25 Acres
Sale Price: $2,935,000
Unit Price: $88.94 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2017

Overview / Comments

This is a two story masonry, multi-tenant, retail & office development building sitting on a total 12.25 acres including a detention pond to the east and includes 4.24 acres of surplus buildable land for additional parking or future additional buildings. Site is irregular shaped with 969' of frontage on 101st Avenue. Building is fully sprinklered. Also available FOR LEASE. Current tenants comprising of 61% occupancy include Draco, The Color Room, Franciscan Medical, Jagmin Dental and Providence Bank. Providence Bank which occupies 2,288 SF on the 1st floor is relocating August 2017 to new branch. Drive thru will be available. Currently 11,746 SF of unfinished space ready for build out. New 2 story main entrance to access the second floor planned for 2017. Also being offered For Sale, see LoopNet #20065250. Sale Price $2,935,000 2015 RE taxes $44,205.14/$1.34/SF.

Located just south of the southeast corner of 101st Avenue and Calumet Avenue in Dyer. 3/4 mile to Illinois border. 3 1/2 miles to U.S. Highway 30. 3 1/2 miles to I-394/Calumet Expressway. Presently resides in unincorporated Lake County, however annexation by the Town of Dyer is imminent which will provide sanitary sewer connection. Near Citgo, Speedway, Dyer Indoor Soccer, New Hope Community Church, Wunder Years Learning Center and ASC II Automatic Service Center.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-14-01-200-007.000-013
Zoning: A
Property Visibility: Excellent
Tenancy: Multiple Tenants
Number of Stories: 2
Property Condition: Excellent
Year Built: 2006
Roof Type: Flat
Construction/Siding: Brick

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,413 22,032 82,015
Median Age: 40.41 41.37 39.99
Households: 1,547 7,596 29,616


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