515-525 E Il Route 173 - Freestanding FOR SALE


Antioch, IL 60002
$2,850,000 USD
773-562-6999
515-525 E Il Route 173, Antioch, IL for Sale
$2,850,000 USD
Freestanding - FOR SALE
1/2
null | 6.25% Cap Rate

515-525 E Il Route 173
Antioch, IL 60002


OVERVIEW

Transwestern is pleased to exclusively offer for sale a 7,026-square-foot, retail property, located on pad site to Walmart and Menard’s anchored shopping center, at 515 IL Route 173, Antioch, IL, 60002. This two-tenant center is occupied by Sherwin-Williams and Mattress Firm on long-term leases. Both Sherwin-Williams and Mattress Firm have each exercised tenant extension options from their original primary lease terms solidifying their long-term commitment to the location. Both tenants have more than five years remaining on their current lease terms, and both have additional extension options on their respective leases. The property is comprised of two suites totaling approximately 7,026 square feet of building, and originally constructed in 2006 and renovated in 2014. The building is situated at the northwest corner of Illinois Route 173 and Deep Lake Road (State Road 36) on approximately 0.95 acres of land. This intersection has a combined traffic count of 25,000 vehicles per day and has grown into a strong retail corridor for the those that live in Antioch and surrounding communities. There are over 56,000 people living within a five-mile radius, with and average household income over $129,000. Other tenants in the area include ALDI, Starbucks, AT&T, Culver’s, Chase, Popeye’s, Arby’s, O’Reilly Auto Parts, Jersey Mike’s Subs, Car X Tire and Auto, and Jimmy Johns.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

B-2

APN/PARCEL ID

02-16-200-034

ASK ABOUT THIS PROPERTY

Andrew WatsonTranswestern Commercial ServicesMore Info
773-562-6999

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Andrew WatsonTranswestern Commercial ServicesMore Info
773-562-6999

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