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956 N Neltnor Boulevard - Tower Station - Tower Station, West Chicago, IL

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956 N Neltnor Boulevard - Tower Station - Tower Station

West Chicago, IL 60185 - Western East/West Corr Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2005
Building Size:23,184 SF Land Area:2.84 AC (123,710 SF)
For Sale Price:$2,749,660 Price/SF:$118.60
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 7.1/1,000 SF

Built in 2005, the property consists of a single-story strip center currently demised into 11 tenant spaces. The 2.84 acre site provides parking for 165 vehicles, roughly 7 spaces / 1,000 SF. The are multiple access points to the site: Northbound Neltnor Blvd traffic from East Hawthorne Lane and Arbor Ave; southbound Neltnor Blvd traffic from Arbor Ave and two curb cuts on Neltnor Blvd. The property is part of a larger retail development with the triangular site bounded by East Hawthorne Lane to the South, Arbor Ave to the West and Neltnor Blvd to the north. The property is located in the city of West Chicago, a far west suburb 30 miles west o fthe Loop with an estimated population of 26,473 residents. Highway access is provided via I-88 (Ronald Reagan Memorial Highway) approximately 7 miles to the south at the full interchange of I-88 and SR 59.

Sale Notes:
23,184 SF Retail Shopping Center located on Route 59 Beautiful and very well maintained shopping center 63% occupied - Great Value Add Center Shadowed anchored by Aldi Grocery Store Located on major North-South Highway, Route 59 with over 34,000 VPD Great Visibility and located at a Signalized Intersection Destination Community Center with long standing tenants Located in the heart of the main retail corridor
23,184 Square Feet Retail Shopping Center for Sale. Tower Station is a very stable community center shadowed anchored by Aldi Grocery Store. Well located directly on Illinois Route 59 this center has excellent visibility and is also at a signalized light. The center has two right in, right out ingress points and a very large parking lot with a parking ratio of over 5/1000. This is a well established shopping center that has a nice mix of restaurants including Lupita Bakery, Tacquerio El Nero, and King Wok Chinese; service uses including Tower Cleaners and BP Dental; and specialty uses including Platinum Dance Academy and Art of Fadez Barbershop. The center has 3 tenants that have been leasing the center since it was constructed. The center has always had active leasing, and currently has only 3 vacancies, one a former restaurant space with 5,847 sf and the space can also be demised to two spaces with separate electric and HVAC. The center has an excellent street monumnet sign directly on Route 59.
Tower Station is located in West Chicago on Route 59, the major North-South thoroughfare.with over 34,000 VPD. This is located within main retail trade area of West Chicago, and is located directly on Route 59. West Chicago is a stable western suburb of Chicago with a population of over 45,000 within a 3 mile radius. The average household incomes are good at $93,000. There is a main metra stop in West Chicago which is in the downtown area, within walking distance of Tower Station.

SVN l Chicago Commercial
Olivia Czyzynski
(312) 676-1862

Jennifer Hopkins
(312) 676-1865

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