217-219 N Walnut St Itasca Il 60143 219 N Walnut St

Investment Highlights

Downtown Location Near Metra Station Parking Was the site of a long-time Famous Bakery Large Display Windows Outside Seating Possibilities

Executive Summary

Opportunity is knocking to get in early on the Itasca Strategic Downtown plan. 217-219 N Walnut St is located in the heart of the north downtown district just a block away from the Metra station, focusing on a town center business, preferably food service or a restaurant/bar/lounge. This was the home of a very famous bakery in town that was there for many years recently the Village acquired this property after the bakery owners retired. This property the Village has put out for proposals please see the attached RFP, schedule, and timeline for the bid process. You can also find the information on the Village of Itasca Website link that will be added. The Village of Itasca has been working on many industrial, commercial, mixed-use, and residential new construction projects that are a part of the future plans of the Downtown Strategic Plan. The property is solid, made from brick and concrete block it is also located in the TIF district. The property is nestled into a very walkable neighborhood full of a mix of modern and historic Victorian style homes. Itasca is a very solid community that has a lot of history dating back all the way to 1841. Itasca is 10 minutes from O'Hare Airport, close to many expressways, and centrally located for any business. Itasca is also home to some really amazing commercial corporate towers and buildings including the beautiful Hamilton Lakes area, Spring Lake Executive Campus, the Canon Building, and the very cool American Academy of Pediatrics campus to say a few so there is plenty of corporate business along with residence of the surrounding areas all around Itasca. We look forward to seeing your proposal the first round of showings is by appointment only. Please note This property is a part of The Village of Itasca Request for Proposal there is a timeline for all proposals to be submitted. There is opportunity to lease and redevelopment down the line. Please review the attached RFP forms or visit the Itasca website https://www.itasca.com/CivicAlerts.aspx?AID=2755https://www.itasca.com/CivicAlerts.aspx?AID=2755

• Sale Type    Investment or Owner User
• Sale Conditions    Lease Option Lease Option Redevelopment Project Lease Option
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    4,572
• Building Class    C
• Year Built    1968
• Percent Leased    Vacant
• Building Height    1 Story
• Building FAR    0.51
• Land Acres    0.20 AC

• Commuter Rail
• Restaurant
• Signage
• Air Conditioning