3102-3124 W North Ave - Retail FOR SALE


Stone Park, IL 60165
$6,046,000 USD
201-919-6148
3102-3124 W North Ave, Stone Park, IL for Sale
$6,046,000 USD
Retail - FOR SALE
1/1
null | 7.75% Cap Rate

3102-3124 W North Ave
Stone Park, IL 60165


HIGHLIGHTS

  • Occupied Neighborhood Retail Center w/ Outstanding Diversified Tenant Mix
  • Ideal Bay Sizes in an Extremely Tight Retail Market
  • Outstanding Daytime Traffic in Robust Melrose Park Industrial Submarket
  • Bridge Point Melrose Park I & II
  • Shopping Center Net Leases w/ Staggered Expiration Dates
  • Excellent Visibility & Accessibility

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in Stone Park Corners, an unanchored neighborhood retail shopping center located in Stone Park (Chicago), IL (“The Property”). The Property consists of a 20,254 square foot multi-tenant retail building on a 1.67-acre parcel of land. The Property was built in 2010 and is 100% occupied by an outstanding diverse tenant lineup all operating under shopping center net leases whereby tenants reimburse landlord for all common area maintenance, real estate taxes, and insurance. See Appendix for more detail. The Property is strategically located two (2) miles east of the Interstate 290/294 interchange along the heavily trafficked and primary east/west thoroughfare W North Avenue (±51,527 VPD) at the signalized intersection of W North Avenue & Indiana Boundary Rd. The Property benefits from excellent visibility with multiple access points. Additionally, the Property sits seven (7) miles south of Chicago O’Hare International Airport.

FOR SALE DETAILS

PRICE

$6,046,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stone Park Corners

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

Commercial

APN/PARCEL ID

15-04-201-040-0000

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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