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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 1,950,000

Est. payment -/mo

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736-740 12th ST Wilmette, IL 60091

12,038 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 12,038 sqft

Price per Sqft $161

MLS Listing ID 12704086

Year Built 1930

Annual Tax Amount $65,207

Tax Year 2024

Lot Size 0.460 Acres

Lot Dimensions 100.13 x 201.02

Property Sub-Type Industrial

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.

Location

State IL

County Cook

Area Wilmette

Zoning OTHER

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Water Available

Building

Dwelling Type Industrial

Water Municipal Water

Structure Type Brick,Wood,Vinyl Siding,Stucco

Listed by Mariusz Bilotas of Four Daughters Real Estate

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MY BLOGS

Vacant Land Scams are REAL

About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow

less is more, unless, it’s for less.

I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL, 60005, USA