7 S Lincoln St - Storefront FOR SALE


Westmont, IL 60559
$1,200,000 USD
7 S Lincoln St, Westmont, IL for Sale
$1,200,000 USD
Storefront - FOR SALE
1/19
null | 5.5% Cap Rate

7 S Lincoln St
Westmont, IL 60559


HIGHLIGHTS

  • Heavy foot traffic location
  • Corner lot highly visible location
  • Directly across from the Metra station and platform

OVERVIEW

Incredible investment opportunity: a turnkey, fully-leased retail property in the heart of downtown Westmont. This property is ideally situated directly across from the Westmont Metra BNSF Line, a highly visible location at the corner of Quincy and Lincoln, right across from the Metra station and platform. As of 2018, Westmont was the 44th busiest of Metra's 236 non-downtown stations, with an average of 1,083 weekday boardings, creating a vibrant atmosphere for local businesses. Adding to its appeal, Quincy Station, a luxury apartment building catering to "on-the-go" professionals (with 94 rentals ranging from $2,400-$4,250 per month), is located approximately 250 feet to the east of this property. This prime positioning makes the property a convenient stop for both commuters and area residents. The recently updated pedestrian area further enhances its appeal, offering a welcoming environment, ample parking, and significant foot traffic to support local businesses. The building features three adjoining storefronts on Quincy Avenue: * **Brewed Awakenings Coffee Shop:** 1,200 sq/ft (long-term tenant) * **Parks Vintage (vintage clothing):** 1,635 sq/ft * **Core Pilates:** 1,200 sq/ft Additionally, a fourth storefront, Grab N Go (convenience store):**600 sq/ft, fronts Lincoln Avenue. All tenant leases are current, tenants pay all utilities, built-in rent bumps and extension options, making this a potentially long-term "trophy" property for your portfolio.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brewed Awakening

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B-1, Westmont

APN/PARCEL ID

09-09-407-001

ASK ABOUT THIS PROPERTY

Neil VerhagenBaird & Warner, The Commercial GroupMore Info

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Neil VerhagenBaird & Warner, The Commercial GroupMore Info

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