Listed by Crossings Realty
$6,900,000
22nd Street Plaza
Details
APN 06-20-307-013
Property Type Retail
Sub Type Shopping Center, Commercial
Square Footage 40,800
Cap Rate 8.16%
Occupancy 100%
Tenancy Multi
Brand/Tenant Greek Islands, Pinnacle Dermatology
Lease Type Net
Price per SqFt $169
Year Built 1982
Stories 1
Acreage 3.540
Zoning B-3
Parking Spaces 200 spaces
Parking per 1,000 SqFt 4.90
Retail | 8.16% CAP | 40,800 SqFt
Marketing description
300-352 E. 22nd Street Lombard, IL is an excellent opportunity to purchase a 40,800 square foot neighborhood retail building for $6,900,000 ($169.00 PSF) in one of DuPage County's hottest retail markets, the I-88 Corridor.
The property is 100% leased* with Greek Islands as the marquee tenant. This restaurant is well known for having the best Greek Food in the Western Suburbs. There are a total of five tenants. The going in Cap Rate is 8.16%.
The center offers substantial upside through rental increases and net lease conversions.
Located 1 mile from full I-88 and I-355 interchanges the property has easy access to all of the Chicago Metro Markets.
*Owner to master lease vacant 8,085 square foot space for one year.
Investment highlights
- Neighborhood Center in densely populated suburb of Lombard
- Low vacancy submarket
- Upside through rental increases and net lease conversions
- DuPage County taxes
- Easy access to full I-88 and I-355 Interchanges
Listing Contacts
Listed by Crossings Realty
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