1035 S York Rd - Freestanding FOR SALE


Elmhurst, IL 60126
$2,481,000 USD
630-886-4408
1035 S York Rd, Elmhurst, IL for Sale
$2,481,000 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

1035 S York Rd
Elmhurst, IL 60126


HIGHLIGHTS

  • Jimmy John's Anchored near Busy, Signalized Intersection
  • 1.5 Blocks from Elmhurst Hospital
  • Fully Leased

OVERVIEW

7.00% going in, and every one of the five leases escalates on schedule. Base rent rises from $177,891 to $193,431 across the current terms — 8.7%, at 2% to 3% annually — with no re-leasing, no renegotiation, and no capital required to capture it. That works out to 7.80% on the offering price by end of term. The roster is built on uses that can't be ordered online: a sandwich franchise, a sit-down Thai restaurant, a hair salon, a nail salon, and a beauty studio. Jimmy John's has held Unit A since June 2010 and has exercised three consecutive five-year options, most recently in November 2024. Bambu Thai amended in November 2025 to extend through August 2031. Elmhurst Hospital sits 1,000 feet north — an 866,000 SF, 259-bed acute-care campus with 3,000 employees and 800 physicians arriving on shift schedules. 6,400 SF on 80 feet of York Street frontage at 19,400 VPD, fee simple, with 51 surface spaces at 7.97 per 1,000. Download the Offering Memorandum for full financials, rent roll, and lease abstracts.

FOR SALE DETAILS

PRICE

$2,481,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legacy Shops of Elmhurst

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

CROSS STREETS

York & Butterfield

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C-2, Elmhurst

APN/PARCEL ID

06-13-302-019

ASK ABOUT THIS PROPERTY

Dominick CannataBrookline Real EstateMore Info
630-886-4408

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Dominick CannataBrookline Real EstateMore Info
630-886-4408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.