35 E 1st St - Storefront Retail/Office FOR SALE


Hinsdale, IL 60521
$8,284,000 USD
781-776-1863
35 E 1st St, Hinsdale, IL for Sale
$8,284,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 6.75% Cap Rate

35 E 1st St
Hinsdale, IL 60521


HIGHLIGHTS

  • 35 E 1st Street is strategically located at the intersection of S Garfield Avenue and E 1st Street in the heart of Downtown Hinsdale.
  • Close proximity to Interstate 294, US Route 34, and IL Route 83.
  • 35 E 1st Street is anchored by Fuller House and Fuller Hardware (Ace Hardware)
  • The Property enjoys outstanding visibility and frontage and is seconds from the Hinsdale Metra Rail Station.

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase a retail building located at 35 E 1st Street and 50 Garfield Street in Hinsdale, Illinois (the “Property”). The well-maintained two-story building contains 19,110 square feet of gross leasable area on a 0.46-acre corner parcel and also features a large dedicated and well-appointed outdoor dining area. The Property is 88.63% leased to a complimentary mix of four (4) tenants that serve the needs of the local residents. The Property is anchored by Fuller House and Fuller Hardware (Ace Hardware) and offers upside through the lease-up of the 2,173 square feet of vacant space. Additionally, the Property benefits from net leases with scheduled annual rent increase. 35 E 1st Street is strategically located at the intersection of S Garfield Avenue and E 1st Street in the heart of Downtown Hinsdale. The Property enjoys outstanding visibility and frontage and is seconds from the Hinsdale Metra Rail Station. The Property is surrounded by retailers and restaurants and enjoys excellent pedestrian traffic and proximity to a public parking garage. 35 E 1st Street is close to area schools, numerous medical complexes, national retailers, and densely developed residential neighborhoods, providing a built-in and captive customer base. Additionally, the Property enjoys close proximity to Interstate 294, US Route 34, and IL Route 83. Located 20-miles west of the city, Hinsdale is an affluent suburb of Chicago. Hinsdale is located in DuPage County, the second largest in Illinois (behind Cook County) and one of the most affluent in the state.

FOR SALE DETAILS

PRICE

$8,284,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

A

APN/PARCEL ID

09-12-129-012

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
781-776-1863

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

Mark HeideckeHorvath & TremblayMore Info
781-776-1863

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