58-98 E Schoolhouse Rd - Retail FOR SALE
Yorkville, IL 60560 |
$2,985,991 USD
312-838-8873
58-98 E Schoolhouse Rd
Yorkville, IL 60560
HIGHLIGHTS
- 100% occupied multi-tenant retail center along Yorkville’s high-traffic Route 47 corridor
- Strong in-place NOI of approximately $215K with projected NOI growth to ~$227K
- Diverse service-oriented tenant mix including Anytime Fitness, Southern Belle, Verlo Mattress, and LA Tan
- Approximately 262’ of frontage with excellent visibility and access from Route 47
- Attractive investor yield with ~7.2% current cap rate and ~7.7% pro-forma cap rate
- Built-in upside through contractual rent increases and future lease rollover opportunities
FOR SALE DETAILS
PRICE
$2,985,991 USD
PRICE/SF
$200 USD /SF
CAP RATE
7.2%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Restaurant, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
1.31 AC
LAND SF
57,064 SF
ZONING
B-3
APN/PARCEL ID
02-32-480-011
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312-838-8873
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312-838-8873
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