Shopping Neighborhood

Creekside Plaza | Freestanding Medical Building | Value-Add Opportunity

200-300 McHenry Road, Wheeling, IL 60090

Listing Price: $3,200,000

Cap Rate
0.98%
Gross SF
31,640
Rentable SF
31,640
Price/Gross SF
$101.14
Lot Size
5.93 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Creekside Plaza, located in Wheeling, Illinois. The property consists of 31,700 square feet of gross leasable area and sits on a large 5.93-acre lot. Creekside Plaza is located at the intersection of Elmhurst Road and McHenry Road, which sees traffic counts in excess of 32,650 vehicles per day. The village of Wheeling is situated 22 miles northwest of Chicagos central business district and features strong demographics. There is a population of over 99,000 people with an average household income exceeding $104,000 within a three-mile radius. The property is being offered significantly below replacement cost at only $114.57 per square foot. An investor will also benefit as rents at the property are replaceable, averaging a modest $15.86 per square foot. Half a mile to newly constructed $110 Million transit-oriented mixed-used Wheeling Town Center and Uptown 500 (321 Residential Apartment Units). The Metra station is less than a mile from subject property.

Investment Highlights

  • Triangular Lot Positioning Allows for Maximum Visibility
  • Priced Significantly Below Replacement Cost at Only $101.14 per Square Foot
  • Metra Station is Less than One Mile Away
  • Value-Add Opportunity by Leasing Two Separate Units
  • Located at Signalized Intersection | 32,650 Combined Vehicles Passing per Day
  • Large 5.93-Acre Parcel with Abundant Parking

Exclusively Listed By

Shopping Neighborhood

Creekside Plaza | Freestanding Medical Building | Value-Add Opportunity

Listing Price: $3,200,000

Cap Rate
0.98%
Gross SF
31,640
Rentable SF
31,640
Price/Gross SF
$101.14
Lot Size
5.93 acres
Year Built
1990

Investment Highlights

  • Triangular Lot Positioning Allows for Maximum Visibility
  • Priced Significantly Below Replacement Cost at Only $101.14 per Square Foot
  • Metra Station is Less than One Mile Away
  • Value-Add Opportunity by Leasing Two Separate Units
  • Located at Signalized Intersection | 32,650 Combined Vehicles Passing per Day
  • Large 5.93-Acre Parcel with Abundant Parking

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Creekside Plaza, located in Wheeling, Illinois. The property consists of 31,700 square feet of gross leasable area and sits on a large 5.93-acre lot. Creekside Plaza is located at the intersection of Elmhurst Road and McHenry Road, which sees traffic counts in excess of 32,650 vehicles per day. The village of Wheeling is situated 22 miles northwest of Chicagos central business district and features strong demographics. There is a population of over 99,000 people with an average household income exceeding $104,000 within a three-mile radius. The property is being offered significantly below replacement cost at only $114.57 per square foot. An investor will also benefit as rents at the property are replaceable, averaging a modest $15.86 per square foot. Half a mile to newly constructed $110 Million transit-oriented mixed-used Wheeling Town Center and Uptown 500 (321 Residential Apartment Units). The Metra station is less than a mile from subject property.

Exclusively Listed By

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