402-440 N Weber Rd - Freestanding FOR SALE


Romeoville, IL 60446
$7,500,000 USD
630-368-8609
402-440 N Weber Rd, Romeoville, IL for Sale
$7,500,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

402-440 N Weber Rd
Romeoville, IL 60446


HIGHLIGHTS

  • Value-add opportunity - Carillon Court is presently 79.7% occupied
  • Long-Term Tenancy - The center boasts long-term tenancy, with 50% of tenants having operated at the property for over 20 years.
  • Recent capital improvements - Ownership recently invested over $1M in capital improvements including facade, storefront, sidewalks, and more.
  • Retail Center of Gravity - Carillon Court is surrounded by prominent retailers along Weber Road, the primary area retail node serving Romeoville.
  • Powerful Demographics - The surrounding area has an excellent, dense, affluent demographic profile.
  • Below Replacement Cost Priced at $7,500,000, or $256.77 per square foot, the asset is priced beneath the costs required to replace it.

OVERVIEW

Qualified investors have the exclusive opportunity to acquire a 100% fee interest in Carillon Court, a neighborhood retail center encompassing 29,209 square feet, situated in the southwest suburb of Romeoville, Illinois, near Chicago. The property is strategically positioned at the northwest corner of Weber Road and West 135th Street (also known as Romeo Road). Weber Road serves as a major north-south thoroughfare for the city, with significant traffic counts averaging 34,700 vehicles per day. Carillon Court was developed in 1990 on a site measuring approximately 4.839 acres. Currently, the center presents a value-add opportunity, as it is operating at 79.7% occupancy, allowing potential investors to enhance the property’s performance through leasing the 5,920 square feet of vacancy.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carillon Court I

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

163

LAND DETAILS

CROSS STREETS

SEC 135th & Weber Rd.

LAND ACRES

4.84 AC

LAND SF

210,830 SF

ZONING

B-3

APN/PARCEL ID

12-02-31-480-035

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

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