6301-6405 W North Ave - Freestanding FOR SALE


Oak Park, IL 60302
$8,560,000 USD
630-954-7398
6301-6405 W North Ave, Oak Park, IL for Sale
$8,560,000 USD
Freestanding - FOR SALE
1/11
null | 7.5% Cap Rate

6301-6405 W North Ave
Oak Park, IL 60302


HIGHLIGHTS

  • Stable Tenant Lineup
  • Prominent Retail Location
  • Established Dense Demographic Profile | 36K Residents within a 1-Mile Radius
  • Recent Leasing Velocity
  • Below Market Tenants | Value-Add Opportunity

OVERVIEW

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in North Ridge and Rossell North Shopping Centers. The offering represents a rare opportunity to acquire well performing strip centers situated on North Ave in the heart of the Oak Park retail trade area.

FOR SALE DETAILS

PRICE

$8,560,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Ridge & Rossell North Centers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

CROSS STREETS

SWC North & Ridgeland Aves

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

-

APN/PARCEL ID

16-05-100-038-0000,16-05-100-039-0000,16-06-207-009-0000,16-06-207-010-0000,16-06-207-011-0000

ASK ABOUT THIS PROPERTY

George GhattasMid-America Real Estate Corp.More Info
630-954-7398

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George GhattasMid-America Real Estate Corp.More Info
630-954-7398

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