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110 - 124 Turner Avenue - Turner Plaza, Elk Grove Village, IL

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110 - 124 Turner Avenue - Turner Plaza

Elk Grove Village, IL 60007-3933 - Schaumburg Area Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1971
Building Size:6,880 SF Land Area:.55 AC (24,023 SF)
For Sale Price:$1,225,000 Price/SF:$178.05
Cap Rate:9.00 %
Parking:33 Surface spaces are available; Ratio of 4.8/1,000 SF
Features:Pylon Sign, Signage

Opportunity for investors to purchase this 6,880 square foot retail center located just off the corner of Devon Avenue & Turner Avenue in Elk Grove Village.

The property is currently 91% leases with all net leases and is a well located neighborhood, convenience center. Turner Plaza has a strong historical occupancy and has been meticulously maintained having only two quality owners since being built 35 years ago.

Elk Grove Village is located 25 miles northwest of downtown Chicago, and border O'Hare International Airport. named Elk Grove Village as one of the top one hundred places to live in the US. Known for its excellent parks and recreation, schools, access to transportation, low crime rate, exceptional community service, and small-town atmosphere, Elk Grove Village has enjoyed stable population growth and remains a top suburb of Chicago.
Northwest Suburban Chicago

Sale Notes:
All Triple net leases with escalation clause and room to increase. Staggering leases through years 2020-2021. All Tenants have been a staple of the Elk Grove Community for well over a decade.
Property is located within minutes of Alexian Brothers Hospital, near by I-355 and I-290/ Just east of Arlington Heights Rd., and Devon, on north side of the street.

Preferred Co Realty & Investments
Peter Dravilas
(630) 628-9200

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