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561 W IL ROUTE 22 Lake Zurich IL 60047-2550

[Locked] • APN 1419401008

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Details
Property Type Retail
Building SqFt 9,656
Lot SqFt 38,433
Acreage ******
Sold Date ******
Sold Price ******
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Zoning Code B-3
Building Count 2
Opportunity Zone No
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Property History

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Property Type
Property Type
Retail
Asking Details
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Marketing Description
Cornerstone Commercial Partners is pleased to announce the opportunity to acquire this newly renovated and tenanted retail building in afluent Lake Zurich. The property underwent extensive renovation in 2014, and is 100% occuppied with three newly build-out tenants: ATI Physical Therapy, Grand Dental Associates, and Consume, all on 10-year leases. The building is prominently locoated near the heavily traveled, vibrant commercial corridor of Rand Road and Route 22 (Main Street). The tenants in this 8,948 SF building share access with a host of other national and regional tenants : Chase Bank, Jewel Osco, Edward Jones, Matress Firm, Wells Fargo, Fannie Mae, and more. Tenants are supported by dense demographics with high disposable income. A 3-mile radius boasts over 43,000 residents with household income averaging over $150,000, and median home values over $400,000. High traffice counts (38,908 and 13,598 on Rand and Route 22 espectively) make this corridor a permanent home for retailers and national brands.
Investment Highlights

• Affluent and Dense Population of Lake Zurich: 3-Mile Avg Home Value Over $400,000

• Cross Easements Provide Access to Main Street, Ela' Road & Rand Road

• 100% Leased With All Tenants on 10-Year NNN Leases

• 2014 Comprehensive Renovation With All New Tenant Buildouts

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Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
PK
Peter Karlis
•••.•••.1313
•••rlis@•••••••••••••.com
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