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Shopping Neighborhood

WEST PARK PLAZA

528 W Lincoln Ave, Charleston, IL 61920

Listing Price: $4,600,000

Cap Rate
8.39%
Gross SF
69,338
Rentable SF
69,338
Price/Gross SF
$66.34
Lot Size
6.44 acres
Year Built
1982

Investment Overview

LOCATED JUST WEST OF EASTERN ILLINOIS UNIVERSITY OVER 23,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $65,096 90 MILES FROM SPRINGFIELD 121 MILES FROM INDIANAPOLIS ADJACENT TO MANY NATIONAL & REGIONAL RETAILERS

Investment Highlights

  • 85.35% OCCUPIED RETAIL CENTER - 16 TOTAL UNITS (11 LEASED AND 5 VACANT)
  • NEW MODIFIED BITUMINOUS ROOF AND PARAPET METAL CAP (WEST BUILDING) - 20 YEAR MATERIAL/LABOR WARRANTY
  • NEW ROOF-TOP HVAC UNITS (30 UNITS)
  • NEW STUCCO FACADE (WEST BUILDING)
  • RE-SURFACE ENTIRE EAST BUILDING ROOF - 20 YEAR MATERIAL/LABOR WARRANTY
  • LEASE STRUCTURE - NINE TRIPLE-NET AND TWO GROSS

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Shopping Neighborhood

WEST PARK PLAZA

Listing Price: $4,600,000

Cap Rate
8.39%
Gross SF
69,338
Rentable SF
69,338
Price/Gross SF
$66.34
Lot Size
6.44 acres
Year Built
1982

Investment Highlights

  • 85.35% OCCUPIED RETAIL CENTER - 16 TOTAL UNITS (11 LEASED AND 5 VACANT)
  • NEW MODIFIED BITUMINOUS ROOF AND PARAPET METAL CAP (WEST BUILDING) - 20 YEAR MATERIAL/LABOR WARRANTY
  • NEW ROOF-TOP HVAC UNITS (30 UNITS)
  • NEW STUCCO FACADE (WEST BUILDING)
  • RE-SURFACE ENTIRE EAST BUILDING ROOF - 20 YEAR MATERIAL/LABOR WARRANTY
  • LEASE STRUCTURE - NINE TRIPLE-NET AND TWO GROSS

Investment Overview

LOCATED JUST WEST OF EASTERN ILLINOIS UNIVERSITY OVER 23,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $65,096 90 MILES FROM SPRINGFIELD 121 MILES FROM INDIANAPOLIS ADJACENT TO MANY NATIONAL & REGIONAL RETAILERS

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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