5942-5948 W Touhy Ave - Storefront FOR SALE


Niles, IL 60714
$4,700,000 USD
630-435-3500
5942-5948 W Touhy Ave, Niles, IL for Sale
$4,700,000 USD
Storefront - FOR SALE
1/16
null | 6.72% Cap Rate

NEW


5942-5948 W Touhy Ave
Niles, IL 60714


HIGHLIGHTS

  • 100% Leased with long term tenants
  • 3 National Brand tenants
  • Drive-through Ready
  • Over 35,000 vehicles per day
  • Minimum maintenance
  • 61 Dedicated parking spots

OVERVIEW

Located at5942–5948 W Touhy Ave, Niles, this well-positioned strip center offers investors long-term stability and excellent visibility. Of the four units, three are occupied by established national brands that have been at this location for over a decade, each secured with extended lease terms. The remaining unit also has approximately ten years left on its lease, minimizing vacancy risk. This property is exceptionally easy to maintain, as tenants are responsible for their own interior upkeep and utilities. With 61 parking spaces and an existing drive-through, the center supports a wide variety of business uses. The location provides unmatched exposure, with over 35,000 vehicles passing daily, and benefits from strong demographics—average household income within one mile is $156K, and more than 653,000 residents live within a five-mile radius.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$525 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Niles Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B-1; Niles

APN/PARCEL ID

10-29-402-036-0000

ASK ABOUT THIS PROPERTY

Sang HanPlatinum Partners RealtorsMore Info
630-435-3500

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

Sang HanPlatinum Partners RealtorsMore Info
630-435-3500

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