2040-2140 E Grand Ave - Freestanding FOR SALE


Lindenhurst, IL 60046
$11,503,000 USD
630-570-2238
2040-2140 E Grand Ave, Lindenhurst, IL for Sale
$11,503,000 USD
Freestanding - FOR SALE
1/9
null | 8% Cap Rate

2040-2140 E Grand Ave
Lindenhurst, IL 60046


HIGHLIGHTS

  • 97 Percent Occupied Neighborhood Retail Center Anchored by Ace Hardware
  • New Leasing Momentum: One New Lease in 2025, Five New Leases in 2024 and Three New Leases in 2023
  • Strong Mix of Local, Regional and National Branded Tenants | National Tenants Include H&R Block, ACE Hardware, Subway, Domino’s, and the U.S. Army
  • Add-Value Opportunity | 2,586 Square Feet of Vacant Space Available to Lease | Low $11.73 Per Square-Foot Average Base Rent
  • Situated at the Signalized Intersection of Sand Lake Road and Grand Avenue
  • The Dominant Retail Center of the Sub-Market with Little Competition

OVERVIEW

Lindenhurst Plaza is a 97 percent occupied neighborhood retail center anchored by Ace Hardware with strong leasing momentum and a well-balanced mix of local, regional, and national tenants. Recent leasing activity including one new lease in 2025, five in 2024, and three in 2023; 8 of 13 tenants operate under net leases. National tenants include H&R Block, ACE Hardware, Subway, Domino’s,and the U.S. Army, providing stability and long-term appeal. The center benefits from excellent visibility at a signalized intersection, featuring over 1,000 feet of frontage along Grand Avenue with 14,700 vehicles per day and multiple points of ingress and egress. The surrounding trade area is highly affluent and densely populated, highlighted by average household incomes of $146,485 within three miles.

FOR SALE DETAILS

PRICE

$11,503,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lindenhurst Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

600

LAND DETAILS

LAND ACRES

5.75 AC

LAND SF

250,470 SF

ZONING

CB, Lindenhurst

APN/PARCEL ID

06-02-213-004,06-02-213-009,06-02-213-035,06-02-213-036,06-02-213-046,06-02-213-047,06-02-213-049,06-02-213-050,06-02-213-051

ASK ABOUT THIS PROPERTY

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

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

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

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