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300 Victory Drive - Downtown Park Forest - 6B, Park Forest, IL

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300 Victory Drive - Downtown Park Forest - 6B

Park Forest, IL 60466-2099 - Far South Submarket

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:1950
Building Size:22,127 SF Land Area:.72 AC (31,163 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Portfolio:This property is for sale as part of a portfolio of 3 properties.

Sale Notes:
Building 6B, the smallest building in the offering, consists of 22,127 square feet of gross leasable area and maintains a solid mix of office and retail tenants. The building is currently 83% occupied and is occupied by a number of of well-known local businesses. There are currently four tenants that occupy the building, including Main Street Diner, Music Net Performing Arts Center, South-land Caterers and Sapphire Billiards Room. The building is located directly in the middle of downtown Park Forest. Both office and retail tenants are given signage opportunities directly on the facade, similar to building 1. Tenants are also provided with ample parking directly on Main Street for customers and employees.
Building 6B provides an investor with existing lease term into summer 2018 and gross annual income of approximately $128,954. Factoring in property taxes and expenses, the existing net operating income (NOI) is approximately $31,201. The tenants at the building maintain a mix of triple-net andgross leases. With 4 vacant units, a future owner maintains the opportunity to add value by leasing up the vacant units.

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

Andrew Rubin
(224) 628-4005

Matt Tarshis
(847) 542-9058

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