191 W North Ave - Freestanding FOR SALE


West Chicago, IL 60185
$2,854,000 USD
312-637-6582
191 W North Ave, West Chicago, IL for Sale
$2,854,000 USD
Freestanding - FOR SALE
1/11
null | 7% Cap Rate

191 W North Ave
West Chicago, IL 60185


HIGHLIGHTS

  • DUPAGE COUNTY
  • DIVERSE, E-COMMERCE RESISTANT INVESTMENT
  • SCHEDULED RENT INCREASES
  • UPSIDE POTENTIAL

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase The Shoppes of West Chicago located at 191 W North Avenue in West Chicago, Illinois (the “Property”). The Plaza contains 12,020 square feet on a 1.61-acre parcel. The Shoppes of West Chicago is comprised of four (4) units and is 83.49% occupied by a complimentary mix of national and local businesses offering products and services for the surrounding community. The plaza offers significant upside through the lease up of the 1,984 square foot vacant end-cap space. Additionally, all three tenants have scheduled annual increases in both their base terms and renewal options. The Shoppes of West Chicago is well-located adjacent to the signalized intersection of W North Avenue (IL Route 64) and N Neltnor Boulevard (IL Route 59), the area’s primary commercial and commuter corridors. The Property features excellent visibility and frontage and includes three points of access and ample parking. The Shoppes of West Chicago is positioned in the center of a dominant retail cluster that is home to Menard’s, Dollar Tree, Planet Fitness and several nationally branded restaurants that drive traffic to the area. Additionally, the Property is close to DuPage Airport and several large industrial and business parks, which house hundreds of businesses and employ thousands of workers. The Shoppes of West Chicago is also close to area schools and surrounded by densely populated residential neighborhoods that provide a built-in customer base. West Chicago is located approximately 30 miles west of Chicago’s Central Business District.

FOR SALE DETAILS

PRICE

$2,854,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes Of West Chicago

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

B-2, General Business

APN/PARCEL ID

01-28-401-101

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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

Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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