2-20 Northpoint Dr - Retail FOR SALE


Streator, IL 61364
$5,800,000 USD
773-251-7342
2-20 Northpoint Dr, Streator, IL for Sale
$5,800,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

2-20 Northpoint Dr
Streator, IL 61364


HIGHLIGHTS

  • All new roofs except for the area over spaces 23-28 and space 8
  • The parking lot was completely milled and resurfaced approximately 7 years aga
  • New water main was installed along with new fire hydrants around the center 5 years ago
  • Sprinkler risers and systems were upgraded 5 years ago

OVERVIEW

Presenting a prime investment opportunity, this 197,359 SF retail/strip center features 21 units within 2 well-maintained buildings. Originally constructed in 1981 and renovated in 2000, the property features numerous recent upgrades, including new roofs, resurfaced parking lots, water main installations, and modern LED lighting. With occupancy soaring from 20% at the time of purchase in 2015 to over 80% today, this property promises high potential for returns. Situated in a Qualified Census Tract for both NMTC and Opportunity Zone benefits, this center offers a strategic and enticing investment prospect in the thriving Streator area.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northpoint Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

18.06 AC

LAND SF

786,694 SF

ZONING

C-3

APN/PARCEL ID

33-23-219006

ASK ABOUT THIS PROPERTY

Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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