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214 - 316 E Geneva Road - Main Street Plaza, Wheaton, IL

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214 - 316 E Geneva Road - Main Street Plaza

S/E/C
Wheaton, IL 60187-2408 - Western East/West Corr Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 2002 Year Built:1978
Building Size:116,759 SF Land Area:8.8 AC (383,328 SF)
% Leased:
For Sale Price:$13,995,000 Price/SF:$119.86
Cap Rate:8.10 %
Smallest Space:1,800 SF Largest Space:26,941 SF Total Space Avail:39,676 SF Rent/SF/Yr:
$9.00 - $18.00
Parking:666 Surface spaces are available; Ratio of 5.6/1,000 SF Anchor Tenants:Office Depot
Features:24 Hour Availability, Dedicated Turn Lane, Mezzanine, Pylon Sign, Restaurant, Signage, Signalized Intersection, Storage Units


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
3,535 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,800 SF
$18.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,800 SF
$18.00/SF/Yr
Vacant
Negotiable
Retail
 1st
26,941 SF
$9.00/SF/Yr
Vacant
5-10 yrs
Retail
 1st
5,600 SF
$12.00/SF/Yr
30 Days
Negotiable
Retail
 
10215578
10215584
10215588
9439135
11682633
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
3,535 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,800 SF
$18.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,800 SF
$18.00/SF/Yr
Vacant
Negotiable
Retail
1st
26,941 SF
$9.00/SF/Yr
Vacant
5-10 yrs
Retail
1st
5,600 SF
$12.00/SF/Yr
30 Days
Negotiable
Retail
Newly renovated facade, adjacent to Jewel/Osco and across from a new Home Depot.

There is ample parking.

DEMOGRAPHICS:

Population

1 Mile 16,676
3 Mile 115,610
5 Mile 274,894

Average HH Income

1 Mile $78,998
3 Mile $88,727
5 Mile $88,920

Sale Notes:
97% Occupied Retail Center in Wheaton at 8.1% Cap

Adjacent to the Jewel-Osco, the Main Street Plaza is a 116,759 square foot retail center with the opportunity to add value. Currently, the center is 97.0% occupied with many tenants at below market rents. The tenant area mix of local and national brands including Office Depot, Dollar Tree, Bounce Around, Brickhaus Fitness and more. The center generates strong net income with potential to increase rental rates.

Near the corner of Main and Geneva, this property is part of a strong retail corridor with many local and national tenants including Jewel and Home Depot. This commercial corridor is convenient for residents of Wheaton, Carol Stream and more.


Millennium Properties R/E, Inc.
Daniel J Hyman
(312) 338-3003

Frontline Real Estate Partners
  
3 Sixty Properties


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