500 N. Plum Grove offers a rare opportunity to own a well-maintained, stand-alone commercial condominium building with excellent visibility, prominent road frontage, abundant parking, and flexible occupancy options. Positioned along a main thoroughfare, the property provides strong exposure to passing traffic and a professional first… Read More impression for clients, customers, and visitors. The durable brick exterior enhances the building's curb appeal and long-term value, while approximately 100 common parking spaces provide convenient access for tenants, employees, customers, deliveries, and visitors. The building contains approximately 3,778 square feet and may be configured into as many as three separate commercial units, creating flexibility for an owner-user, multiple professional tenants, or an investor seeking a multi-suite property. The layout is well suited for a variety of professional office uses, including law, dental, medical, accounting, financial, consulting, and other business services. The main executive office contains a private bath and shower. Three HVAC units support comfortable operating environments and provide additional flexibility for separate occupants. Two tenants are currently in place on a month-to-month basis: Tenant 1 occupies approximately one-half of the building and pays $2,750 per month. Tenant 2 occupies approximately one-half of the remaining space and pays $1,800 per month The current tenants generate approximately $4,550 in monthly rental income, or $54,600 annually, providing existing cash flow for a new owner. Both tenants may remain in place and are willing to consider formal lease agreements. Alternatively, either tenant may relocate with appropriate notice, allowing an owner to occupy the building, reconfigure the space, or implement a preferred leasing strategy. Convenient roadway access, nearby public transportation, and proximity to the train station further enhance the property's accessibility for employees, clients, and customers. Its connection to major transportation routes makes it an attractive location for businesses seeking visibility, parking, transit access, and adaptable commercial space. 500 N. Plum Grove combines owner-user potential, existing rental income, flexible subdivision options, professional curb appeal, and convenient accessibility in a highly practical commercial setting. Read Less
Courtesy of Patrick Jeffrey Realty 773-772-1782
Listing Snapshot
Days Online
59
Last Updated
Property Type
Office
Square Ft.
3,778
Lot Size
0.22 Acres
Year Built
1989
MLS Number
12683694
Additional Details
Building
Built in 1989, Construction Materials: Brick
Cooling
Central Air, Central Individual
Expenses
Operating: $34,337
Floors
Carpet, Tile
Income
Gross Income: $4,550, Gross ScheduledIncome: $54,600, Net Operating Income: $20,163
Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Roof
Utilities
Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available, Water Source: Municipal Water, Circuit Breakers, Separate Meters
Water Features
Frontage Type: City Street, Public Road, Signal Intersection
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Listings courtesy of Midwest Real Estate Data LLC. as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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