Kenilworth Retail/Re-development Opportunity

515 Park Drive, Kenilworth, IL 60043

Property Information

  • For Sale $499,000
  • Property Type Retail - Freestanding
  • Property Size 2,370 SF
  • Lot Size 0.05 Acre
  • Year Built 1949
  • Date Updated Sep 4, 2026

Description

Kenilworth, IL is a bedroom community in Chicago's affluent north shore suburban area. Located approx. 15 miles from downtown Chicago, Kenilworth is one of the most affluent towns in America, with an average annual household income of nearly $300,000 and an average home price of over $1.1 Million. Green Bay Road is the major north-south commercial corridor in this affluent area, which includes the neighboring towns of Winnetka and Wilmette.Back on the market with huge price reduction. First time on the market in 50 years. This well-located retail building is located on Park Drive across from the Metra station in Kenilworth, IL - one of Chicago's wealthiest communities. The long-time home of The Federalist Antiques, the property is a 2,370 SF single-story commercial building that could accommodate any retail, office, or service business. Great street parking and visibility. The property is situated in Kenilworth's B-Business District as well as the village's TIF district. Current zoning would allow for a 3+ story structure to be built on the site. Priced to sell at $499,000 with recent $100k price reduction

Highlights

  • $100k Price Reduction
  • Across the street from the Kenilworth Metra train station
  • Approx. 2,370 SF single-story commercial building
  • Easy street parking
  • Flexible B Business zoning allows for many possible uses including retail, residential, office, mixed-use as well as a 3+ story structure
  • Great visibility and location
  • Located in Kenilworth's TIF District
  • Perfect for any retail, office or service business

Contacts

Location

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