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200 - 298 Main Street - Downtown Park Forest - Building 1, Park Forest, IL

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DetailMap
200 - 298 Main Street - Downtown Park Forest - Building 1

NWC
Park Forest, IL 60466 - Far South Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1952
Building Size:35,045 SF Land Area:.77 AC (33,611 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:130 SF Largest Space:3,000 SF Total Space Avail:15,612 SF Rent/SF/Yr:
$9.00 - $14.00
Portfolio:This property is for sale as part of a portfolio of 3 properties. Parking:Free Surface spaces
Features:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,500 SF
$14.00/SF/Yr
Vacant
Negotiable
Flex
 1st
3,000 SF
$14.00/SF/Yr
Vacant
Negotiable
Office/Retail
 1st
526 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 1st
670 SF
$14.00/SF/Yr
Vacant
Negotiable
Flex
 1st
2,434 SF
$9.00 - $12.00/SF/Yr
Vacant
Negotiable
Office/Retail
 1st
850 SF
$14.00/SF/Yr
Vacant
Negotiable
Flex
 2nd
270 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
600 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
 2nd
450 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
707 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
 2nd
2,000 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
920 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
130 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
840 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
490 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
225 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 
10949185
1894589
10949276
10949175
1894593
10949179
10949299
8050788
10949307
7900542
10949315
10949330
10949341
10949347
10949364
10949367
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,500 SF
$14.00/SF/Yr
Vacant
Negotiable
Flex
1st
3,000 SF
$14.00/SF/Yr
Vacant
Negotiable
Office/Retail
1st
526 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
1st
670 SF
$14.00/SF/Yr
Vacant
Negotiable
Flex
1st
2,434 SF
$9.00 - $12.00/SF/Yr
Vacant
Negotiable
Office/Retail
1st
850 SF
$14.00/SF/Yr
Vacant
Negotiable
Flex
2nd
270 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
600 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
2nd
450 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
707 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
2nd
2,000 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
920 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
130 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
840 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
490 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
225 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
Two story building. Twenty-one tenants including grocery store, dry cleaners, podiatrist, hair salons and art gallery. Multiple office tenants-computer services and health care field.

Sale Notes:
The building is a two-story 35,045 square foot, mixed-use investment opportunity in downtown Park Forest. The building consists of 20,414 square feet of ground floor retail space and 14,631 square feet of office space on the second floor. The building currently generates a gross income of approximately $180,396 annually. Factoring in property taxes and expenses, the existing net operating income (NOI) is approximately $57,223.
The ground floor of the building is currently 50% occupied and consists of all retail tenants. Of the tenants, all but one have NNN leases. In addition, all tenants have leases that that are signed through summer 2018. Retail tenants have the opportunity to put up signage directly above the entrance on the facade, providing for additional exposure to traffic. The vacancy on the ground floor provides value-add potential for an investor. Notable retailers in the building include Rinky's Cafe, Salon Artists, Oasis Hair, and Tower Cleaners.
The second floor of the building consists of all office tenants. The second level space is approximat

Frontline Real Estate Partners
Zack Pearlstein
(847) 275-6106

Andrew Rubin
(224) 628-4005

Matt Tarshis
(847) 542-9058


Village of Park Forest
Sandra C Zoellner
(708) 283-5623

Sharon Bellino
(708) 503-8153



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