Three Roads Center
Retail | 17,120 SqFt
Marketing description
NOW FULLY LEASED. New lease signed on larger 5,200sf unit. Hard to find a retail center with this low of a per sq. ft. price! The low acquisition cost leaves room for renovation costs to reposition the investment and capitalize on a location primed for success. Major road improvements right in front of center almost complete.
More major road improvements in very close proximity are in the planning/study stages. Many national tenants blocks away. New Industrial campus being advertised just to the north. High occupancies in the immediate area. Current tenant base at under market rents.
Location! Location! Location! Capitalize on this location surrounded by growth and excitement.
Investment highlights
• +/- 17,200 SF center on 1 Acre w/ 250’ of frontage on Rte. 83 in Grayslake
• NOW FULLY LEASED!
• PRIMED for repositioning. Renovate, raise rents and add value
• Route 83 road improvements nearly complete leading up to this property
• Asking under $85p.s.f.—way under replacement cost and well under average per sq. ft. retail building asking prices in comparable markets.
• Many national tenants located within a few blocks: Starbucks, Dunkin, Jewel Osco, Ace hardware, Chase, Bank of America, Noodles, Shell, Bank of America, Advanced Auto Parts, Wings ETC and many more
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
