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201 - 299 Main Street - Downtown Park Forest - Building 7, Park Forest, IL

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DetailMap
201 - 299 Main Street - Downtown Park Forest - Building 7

SWC of Forest Blvd. and Main Street
Park Forest, IL 60466-2097 - Far South Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1960
Building Size:23,682 SF Land Area:.74 AC (32,217 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:224 SF Largest Space:1,942 SF Total Space Avail:8,037 SF Rent/SF/Yr:
$9.00 - $12.50
Portfolio:This property is for sale as part of a portfolio of 3 properties. Parking:Free Surface spaces are available
Features:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,942 SF
$9.00 - $12.00/SF/Yr
Vacant
Negotiable
Office/Retail
 1st
843 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
 1st
840 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
 1st
1,100 SF
$9.00 - $12.00/SF/Yr
Vacant
1 yr
Retail
 1st
508 SF
$9.00 - $12.00/SF/Yr
Vacant
1 yr
Retail
 1st
1,500 SF
$9.00 - $12.00/SF/Yr
Vacant
Negotiable
Office/Retail
 2nd
224 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
 2nd
451 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
 2nd
629 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
 
6006529
7900469
8738647
9748068
9748087
1894805
9296637
8193881
3163895
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,942 SF
$9.00 - $12.00/SF/Yr
Vacant
Negotiable
Office/Retail
1st
843 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
1st
840 SF
$12.50/SF/Yr
Vacant
Negotiable
Office/Retail
1st
1,100 SF
$9.00 - $12.00/SF/Yr
Vacant
1 yr
Retail
1st
508 SF
$9.00 - $12.00/SF/Yr
Vacant
1 yr
Retail
1st
1,500 SF
$9.00 - $12.00/SF/Yr
Vacant
Negotiable
Office/Retail
2nd
224 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
2nd
451 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
2nd
629 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
Located in Central Business District. Street Level store fronts available. From 125 to 8,500 sq. feet available. DownTown is home to three banks, Village Hall, U.S. Post office, CVS, Walgreen's, SBC regional center, Public Library, Aqua Center, 5-screen cineplex, two performance theaters (with 500+ seats combined), Illinois Philharmonic, Tall Grass Arts Gallery and School, and over 60 independent service and specialty retail providers, varying from medical clinics, podiatrist, chiropractor, insurance agents, deli, barbers, salons, attorneys, and realtors, to name a few.

Sale Notes:
The building is approximately 23,682 square feet, 65% occupied, and is maintained at the highest of standards. The building maintains a total of 17,764 square feet of retail space on the ground level and 5,918 square feet of office space on the second level. The building provides investors a gross annual income of approximately $168,094. Factoring in property taxes and expenses, the existing net operating income (NOI) is approximately $117,200. With income already in place, the building provides investors an opportunity to purchase a well located, downtown suburban asset, with income in-place, and the ability to add value by increasing the occupancy percentage.
The ground floor of building 7 consists of all retail tenants. All tenants have NNN leases and signage available directly above their stores on the building facade, similar to the other two buildings. Many of the tenants have been in business at the center for years and are well known within the community. Some of the notable tenants in the building are Fieldcrest School of Performin

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



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