736-740 12Th Street, Wilmette, Illinois 60091
- $1,950,000
- List Price
- $1,950,000
- MLS#
- 12704086
- Status
- CONTINGENT
- Type
- Commercial
- Subtype
- Commercial Sale
- County
- Cook
- City
- Wilmette
- Neighborhood
- Wilmette
- Days On Market
- 14
Property Description
A rare opportunity to own or develop in the heart of Historic Wilmette's Village Center - the first time this assemblage has changed hands in over a century. Two adjoining lots (10,064 SF each, 20,128 SF combined) just steps from the Wilmette Metra station, downtown's historic shopping and dining district, and Lake Michigan's harbor, Gillson Beach, and dog park - all within one of the North Shore's most established and consistently sought-after communities, served by the nationally acclaimed New Trier High School. **Currently zoned VC (Village Center), with the Village open to discussing a PUD path to unlock additional height and density for a future mixed-use commercial/residential redevelopment - a rare, direct dialogue opportunity for the right buyer, and a compelling residential draw given the New Trier school district. The property is fully occupied and cash-flowing today, generating approximately 100,000+ from long-term rentals with month-to-month tenants at below-market rents (income figures exclude owner-occupied space). Improvements include: **An approximately 7,455 SF industrial building with drive-in door access and soaring volume ceilings under a bowstring truss roof, a seperate warehouse in front of it, and 2 store-front commercial condos at 12th street **An approximately 2,450 SF industrial stucco building with 4 drive-in doors **A century-old commercial farmhouse with first-floor business space, a second-floor apartment, and a detached 2-car garage **For a builder or investor, this is a genuine assemblage play: in-place income with holding costs during entitlement, a walkable, transit-connected Village Center location, a top-tier school district, and a Village government engaged in the redevelopment conversation. Opportunities like this - multiple contiguous parcels with a century of continuous ownership, just steps from Metra in one of Chicagoland's most affluent suburbs - are rare and don't last long. See the Additional Information tab for further details. ******PLEASE DO NOT DISTURB TENANTS OR OCCUPANTS; CONTACT THE LISTING AGENT DIRECTLY WITH ALL INQUIRIES****** SOLD AS-IS.
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Additional Information
- Tax Year
- 2024
- Year Built
- 1930
- Air Conditioning
- Central Air
Mortgage Calculator
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