Shopping Neighborhood
Hard Corner Add-Value Retail Center | Chicago MSA | 110,000+ VPD Intersection
623-635 W North Ave, Elmhurst, IL 60126
Listing Price: $7,850,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer a value-add, hard corner opportunity, located on one of the busiest intersections of the western suburbs. Situated on North Avenue and Route 83, the intersection sees a combined traffic count of 114,600 vehicles per day. The center is 83% occupied with two buildings consisting of restaurant and service tenants, including Sarpino’s Pizzeria, Fry the Coop, Firewater BBQ and Brew, Ladybug Daycare, Smallcakes, and a Nail Salon. All tenants are operating under net leases, most with rental increases. There is an opportunity to add value by leasing the remaining 4,420 square feet and developing vacant lots. Located one mile from downtown Elmhurst, 2.4 Miles from Interstate 295 with 140,400 vpd, and 2.6 miles from Interstate 290 interchange with 146,800 vpd. Within three miles there is a population of 114,709 people and within one mile the average household income is $133,847.
Hard Corner Add-Value Retail Center | Chicago MSA | 110,000+ VPD Intersection
Investment Highlights
- 83% Occupied, Two-Building Shopping Center with Tenants Consisting of Restaurants and Services
- All Tenants Operating on Net Leases, Most Operating with Rental Increases
- Opportunity to Add Value by Leasing Remaining 4,420 Vacant Square Feet and Developing Vacant Lots
- Situated on One of the Busiest Intersections of the Western Suburbs | Over 114,600 Vehicles Passing per Day
- High Visibility with Approximately 740 Feet of Frontage Along North Avenue and Route 83
Shopping Neighborhood
Hard Corner Add-Value Retail Center | Chicago MSA | 110,000+ VPD Intersection
Listing Price: $7,850,000
Investment Highlights
- 83% Occupied, Two-Building Shopping Center with Tenants Consisting of Restaurants and Services
- All Tenants Operating on Net Leases, Most Operating with Rental Increases
- Opportunity to Add Value by Leasing Remaining 4,420 Vacant Square Feet and Developing Vacant Lots
- Situated on One of the Busiest Intersections of the Western Suburbs | Over 114,600 Vehicles Passing per Day
- High Visibility with Approximately 740 Feet of Frontage Along North Avenue and Route 83
Investment Overview
Marcus & Millichap is pleased to exclusively offer a value-add, hard corner opportunity, located on one of the busiest intersections of the western suburbs. Situated on North Avenue and Route 83, the intersection sees a combined traffic count of 114,600 vehicles per day. The center is 83% occupied with two buildings consisting of restaurant and service tenants, including Sarpino’s Pizzeria, Fry the Coop, Firewater BBQ and Brew, Ladybug Daycare, Smallcakes, and a Nail Salon. All tenants are operating under net leases, most with rental increases. There is an opportunity to add value by leasing the remaining 4,420 square feet and developing vacant lots. Located one mile from downtown Elmhurst, 2.4 Miles from Interstate 295 with 140,400 vpd, and 2.6 miles from Interstate 290 interchange with 146,800 vpd. Within three miles there is a population of 114,709 people and within one mile the average household income is $133,847.
