1925-1997 Huntley Rd - Retail FOR SALE


West Dundee, IL 60118
$3,650,000 USD
312-637-6499
1925-1997 Huntley Rd, West Dundee, IL for Sale
$3,650,000 USD
Retail - FOR SALE
1/10
null | 7.07% Cap Rate

1925-1997 Huntley Rd
West Dundee, IL 60118


HIGHLIGHTS

  • Upside Opportunity
  • Net Lease with Increases
  • Outstanding Location
  • Area Development
  • Transit Oriented Location
  • Strong Demogrpahics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Tartans Crossing, a multi-tenant shopping center located at 1925-1997 Huntley Road in West Dundee, Illinois (“the Property”). The Property consists of a single- story, 22,793 square foot in-line shopping center positioned on a 2.87-acre corner parcel in West Dundee. Tartans Crossing is comprised of eleven units and is 87.07% leased to complimentary mix of tenants. Nine of the building’s eleven units are leased, providing an in-place cash flow and offering upside potential through the lease-up of the two vacant suites which total 2,948 square feet. Tartans Crossing is located at the intersection of Tartans Drive and Huntley Road, a key commuter route in West Dundee’s western submarket. The Property is surrounded by established residential neighborhoods, providing a strong built-in customer base, and is adjacent to Hickory Glen, a newly constructed community featuring 111 three-bedroom townhomes. It is also less than one mile from the former Spring Hill Mall, which is slated for redevelopment into a mixed-use destination with residential, retail, dining, and entertainment components. The site offers convenient access to Downtown West Dundee, including local employers, municipal offices, grocery stores, restaurants, retail amenities, and outdoor recreation. Additionally, the Property provides excellent regional connectivity with quick access to IL Routes 72, 31, 68, and 25, as well as Interstate 90, allowing for efficient travel throughout Kane County and the greater Chicago metropolitan area. West Dundee is a village in Kane County and is 40 miles northwest of Downtown Chicago and offers convenient access to the city via Interstates and Metra Trains.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tartans Crossing

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

B-2

APN/PARCEL ID

03-21-251-015

ASK ABOUT THIS PROPERTY

Uriel EscobarHorvath & TremblayMore Info
312-637-6499

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Uriel EscobarHorvath & TremblayMore Info
312-637-6499

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