10,200 SF Freestanding, Single-Story Office Building For Sale
Fully Renovated into Move-In Ready Office with Small Storage Component and Drive-in Door
M-1 Zoning
35 Designated Parking Spots; Additional Abundant Street Parking
Description
707 Iowa is a 10,200 SF freestanding, single-story office building for sale. The building is fully renovated as a move-in-ready office with a small storage component and drive-in door. The property was originally a 4-unit flex building and can be converted back. An owner/user can occupy the entire building, easily divide it in half and lease 50% of the building, or convert back into multi-tenant flex. The parcel has a dedicated parking lot as well as abundant street parking.
Located immediately off of North Avenue (IL Rte. 64) and Addison Road. 1 mile west of IL Rte 83 & 13 miles to ORD.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.