6246 E Riverside Blvd - Freestanding FOR SALE


Loves Park, IL 61111- Outer Loves Park/Machesney Park
$1,749,352 USD
630-430-2368
6246 E Riverside Blvd, Loves Park, IL for Sale
$1,749,352 USD
Freestanding - FOR SALE
1/7
null | 7.9% Cap Rate

6246 E Riverside Blvd
Loves Park, IL 61111
Outer Loves Park/Machesney Park


HIGHLIGHTS

  • Significant Upside Potential
  • Recent Capital Improvements
  • Diverse, E-Commerce Resistant Investment
  • Strategic Location
  • Economic Drivers
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 6246 E Riverside Boulevard in Loves Park, Illinois (the “Property”). The Plaza contains 15,592 square feet of gross leasable area on a 1.51-acre parcel. The Property is comprised of nine (9) units and is 90.75% occupied by several e-commerce resistant tenants and a complimentary mix of local businesses offering products and services for the surrounding community. The plaza is anchored by Fozzy’s Bar & Grill and offers significant upside through the lease up of 1,442 square feet of vacant space. The Property is well-located along E Riverside Boulevard, the area’s primary commercial and commuter corridor. The Property features excellent visibility and frontage and includes several points of access and ample parking. 6246 E Riverside Boulevard is positioned in the center of a thriving commercial district that is home to national and local retailers and restaurants and several car dealerships that drive traffic to the area. The Property is also close to area schools and surrounded by densely populated residential neighborhoods that provide a built-in customer base. The Property offers convenient access to area highways and public transportation (municipal bus line). Loves Park is located approximately 6.5 miles northeast of Downtown Rockland.

FOR SALE DETAILS

PRICE

$1,749,352 USD

PRICE/SF

$110 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6246 E Riverside Blvd

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

CR

APN/PARCEL ID

12-03-151-030,12-03-151-031

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
630-430-2368

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Mark HeideckeHorvath & TremblayMore Info
630-430-2368

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