10S620-10S644 S Kingery Hwy - Auto Repair FOR SALE


Willowbrook, IL 60527 | 
$4,880,000 USD
630-570-2238
10S620-10S644 S Kingery Hwy, Willowbrook, IL for Sale
$4,880,000 USD
Auto Repair - FOR SALE
1/11
null | 8% Cap Rate

10S620-10S644 S Kingery Hwy
Willowbrook, IL 60527


HIGHLIGHTS

  • Value-Add Opportunity | Three Vacant Units Totaling 3,614 Square Feet
  • Priced Below Replacement Cost at $170.80 Per Square Foot
  • Situated on 3.49 Acres with 135 Parking Spaces
  • No Contractual Renewal Options, Provide Flexibility to Repurpose Space and Increase Rents
  • Weighted Average Tenant Tenure of 9.35 Years
  • The Center Fills a Significant Retail and Restaurant Void within the Surrounding Area

OVERVIEW

Priced below replacement cost at $170.80 per square foot, this multi-tenant center offers a value-add opportunity through leasing the 3,614 square feet of vacant space and no contractual renewal options provides landlord flexibility. The property features a weighted average tenant tenure of 9.35 years, including Five Star Pantry with more than 30 years of occupancy at the center and Distinctive Dental with more than 25 years. The center serves a dense surrounding residential base of apartments, condominiums, townhomes and senior housing, with 33,630 residents and an average household income of $145,686 within three miles. The property also fills a notable retail and restaurant void in the immediate trade area. Positioned along Kingery Highway/Route 83 (29,100 VPD), the property is 1.5 miles south of Interstate 55 (145,300 VPD) and near a major industrial corridor serving Willowbrook and Burr Ridge. Approximately two miles from Argonne National Laboratory, the property also benefits from a strong employment base and a daytime population of 42,494.

FOR SALE DETAILS

PRICE

$4,880,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Somerset Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

CROSS STREETS

Route 83

LAND ACRES

3.49 AC

LAND SF

152,024 SF

ZONING

C

APN/PARCEL ID

10-02-303-005,10-02-303-011

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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