Wilmette - 351 Linden Avenue
Wilmette | For Sale | +/- 855 SF
Marketing description
• Building Size: +/- 855 SF
• Restricted Uses: Any type of food or beverage.
• Asking Price: $310,000.00
• High Profile Location: Adjacent to CTA station, feeding commuter traffic on the Purple Line from Wilmette to Downtown
Chicago. The Linden station ridership is over 100,000 commuters per year.
• High Income Demographics: Significant expendable income for retail goods and services.
• No Real Estate Taxes: The building has no real estate tax obligation because the land parcel is owned by the CTA and leased to the Village of Wilmette.
• Building Sale Only: Only the building is offered for sale. The land parcel will be ground leased from the Village of
Wilmette.
• Ground Lease: $1.00 per year, with a lease expiration of 1-13-2037. There is potential for the ground lease to be renewed upon expiration.
• Historic Landmark: Building is a designated historic landmark, creating a unique identity for any business.
Investment highlights
- Ideal Uses: Sandwich Shop, Ice Cream, Coffee, Cell Phone, Insurance Office, and other retail and service businesses.
- High Profile Location: Adjacent to CTA station feeding commuter traffic on the Purple Line from Wilmette to Downtown Chicago.
- High Income Demographics: Significant expendable income for retail goods and services.
- No Real Estate Taxes: Because the land parcel is owned by the CTA and leased to the Village of Wilmette, there is no real estate tax obligation
- Building Sale Only: Only the building is offered for sale. The land parcel will be ground leased from the village of Wilmette.
- Ground Lease: $1.00 per year, with lease expiration of 1-13-2037. Anticipated the ground lease can be renewed upon expiration.
- Historic Landmark: Building is a designated historic landmark, creating a unique identity for any business.
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