300-350 E 22nd St - Storefront Retail/Office FOR SALE


Lombard, IL 60148
$6,900,000 USD
847-830-9134
300-350 E 22nd St, Lombard, IL for Sale
$6,900,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 8.16% Cap Rate

300-350 E 22nd St
Lombard, IL 60148


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

8.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22nd St Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

3.54 AC

LAND SF

154,202 SF

ZONING

B-3, Lombard

APN/PARCEL ID

06-20-307-013

ASK ABOUT THIS PROPERTY

Dan O'NeillCRE Advising LLCMore Info
847-830-9134

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

Dan O'NeillCRE Advising LLCMore Info
847-830-9134

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