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Shopping Strip

Depot Street Station

311 Depot St, Antioch, IL 60002

Listing Price: $2,124,640

Cap Rate
10.00%
Gross SF
28,690
Rentable SF
28,690
Price/Gross SF
$74.06
Lot Size
1.80 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to exclusively represent Depot Street Station, a Fresenius anchored medical office retail center along with a 5,000-square-foot warehouse located steps away from the Antioch Metra line. Depot Street Station is 95.9% leased to a complementary group of tenants, and there has been recent leasing renewal velocity showing existing tenants commitment to the site. By converting the two two gross leases to NNN, raising rents to market, and filling the vacant space, a new owner can see an instant increase in value.

Investment Highlights

  • Low Replaceable Rents
  • Favorable Lake County Property Taxes
  • 95% Occupied Center With Long Term Tenants In Place
  • Favorable Mix of Medical Oriented Destination Tenants
  • Leasing Upside

Exclusively Listed By

Shopping Strip

Depot Street Station

Listing Price: $2,124,640

Cap Rate
10.00%
Gross SF
28,690
Rentable SF
28,690
Price/Gross SF
$74.06
Lot Size
1.80 acres
Year Built
2003

Investment Highlights

  • Low Replaceable Rents
  • Favorable Lake County Property Taxes
  • 95% Occupied Center With Long Term Tenants In Place
  • Favorable Mix of Medical Oriented Destination Tenants
  • Leasing Upside

Investment Overview

Marcus & Millichap is pleased to exclusively represent Depot Street Station, a Fresenius anchored medical office retail center along with a 5,000-square-foot warehouse located steps away from the Antioch Metra line. Depot Street Station is 95.9% leased to a complementary group of tenants, and there has been recent leasing renewal velocity showing existing tenants commitment to the site. By converting the two two gross leases to NNN, raising rents to market, and filling the vacant space, a new owner can see an instant increase in value.

Exclusively Listed By

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