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119 - 145 N Milwaukee Avenue - Northstar Plaza - Northstar Plaza, Wheeling, IL

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119 - 145 N Milwaukee Avenue - Northstar Plaza - Northstar Plaza

Wheeling, IL 60090-3013 - Central North Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2004
Building Size:16,355 SF Land Area:1.15 AC (49,998 SF)
% Leased:
For Sale Price:$3,450,000 Price/SF:$210.94
Cap Rate:6.49 %
Smallest Space:1,355 SF Largest Space:1,475 SF Total Space Avail:2,830 SF Rent/SF/Yr:
$20.00
Parking:100 Surface spaces are available; Ratio of 6.16/1,000 SF
Features:Restaurant, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,475 SF
$20.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,355 SF
$20.00/SF/Yr
Vacant
Negotiable
Retail
 
9944470
9944477
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,475 SF
$20.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,355 SF
$20.00/SF/Yr
Vacant
Negotiable
Retail

Sale Notes:
Northstar Plaza Along Milwaukee Avenue For Sale

16,355 square foot multi-tenant retail center for sale along Milwaukee Avenue, just north of Dundee Road in Wheeling. The center is currently 91% occupied by seven (7) tenants with varying term expirations. All but two (2) of the tenants are on NNN leases and four (4) of the Tenants have leased at the center since 2011 or earlier.

The center is of newer construction (2004) and has been extremely well maintained. There is pylon signage along the east side of Milwaukee Avenue that provides for visibility and exposure to approximately 32,000 vehicles per day. Excellent opportunity to purchase an asset with strong in-place income, along with the ability to add value.

Located on the east side of Milwaukee Avenue just north of Dundee Road in Wheeling, IL. Milwaukee Avenue is highly trafficked, averaging approximately 32,000 VPD. The property is within walking distance to numerous national retailers including Walgreens, Panda Express, Jimmy Johns, and others.


Frontline Real Estate Partners
Andrew Rubin
(224) 628-4005

Matt Tarshis
(847) 542-9058


Frontline Real Estate Partners
Andrew Rubin
(224) 628-4005

Matt Tarshis
(847) 542-9058



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