Listed by Crossings Realty
$6,900,000
22nd Street Plaza
Details
APN 06-20-307-013
Property Type Retail
Sub Type Commercial
Square Footage 40,800
Cap Rate 8.16%
Occupancy 100%
Tenancy Multi
Lease Type Net
Price per SqFt $169
Year Built 1982
Acreage 3.540
Zoning B-3
Parking Spaces 200 spaces
Parking Per 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
- Roof: Four plies fiberglass/asphalt/gravel. 20+ years old
- HVAC: (12) 7.5-12.5 ton roof top units. Installed 2022-23
- Sprinklered: Fully Sprinklered
- Taxes: $81,105; $1.99 PSF (2024)
- Operating Expenses: $195,030; $4.78 PSF (2025 Budgeted)
Listing Contacts
Listed by Crossings Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
B3PD PlannedCommunity Shopping District Planned Development
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 71 uses
View all 71 uses Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
