Chicagoland Realty & Associates Inc
Christina Horne, Chicagoland Realty & Associates IncPhone: (708) 785-7030
Email: [email protected]

Real estate listing preview #1
listing
1 of 1
Commercial
$575,000
2023 Ridge Road
Homewood, IL 60430
Courtesy of BHHS Chicago
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID
7,400Sq Ft
Est. Mortgage
$3,068/mo

Great investment opportunity in downtown Homewood! 7600 SF commercial building with 3 retail spaces and 5 offiices with 100% occupancy. Proforma cap rate, based on 2022 income and expenses, is 6.6%. Stabilized investment with over $120,000 in capital improvements; low inventory office/retail units in Homewood's downtown district, means increased future lease rates for owners. Brand new mixed use development, The Hartford, being constructed next door will include 36 apartments and upscalre restaurant and increase pedestrian traffic into the downtown shopping district. Homewood is also the proposed new site for the Wind Creek Casino, projected to open mid-2023.

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