Investment Overview

Grand Plaza East offers investors a rare opportunity to acquire a long-standing neighborhood retail center priced well-below replacement cost at $90.23 per square foot. Current rents are substantially below market, with all tenants operating under gross leases. 10 of the 15 tenants are on month-to-month leases, allowing an investor to implement a value-add strategy by signing firm leases and gradually bringing rents to market levels. Additionally, an investor can transition the existing gross leases to more landlord friendly triple net leases. The property is anchored by a top-performing Domino’s Pizza. This location ranks in the top 1% of Domino’s Pizza stores nationwide by visits and is the second most visited location in Illinois, generating approximately 92,600 annual visitors. The tenant roster is well seasoned, with multiple operators in place since 2008–2011, complemented by recent leasing momentum from new leases executed in 2024 and 2025. The property benefits from strong visibility and access along Grand Avenue, which sees 19,300 vehicles per day, along with convenient proximity to Metra rail service. The surrounding trade area is extremely dense, with more than 100,000 residents within a three-mile radius and average household incomes exceeding $92,000 within a five-mile radius.