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Mixed-Use

Downtown Lisle Mixed Use

4706 Main St, Lisle, IL 60532

Listing Price: $940,000

Cap Rate
7.75%
Number of Units
12
Occupancy
99.0%
Price/Unit
$78,333
Price/Gross SF
$95.87
Gross SF
9,805

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 4706 Main Street in Downtown Lisle. The building is a 14,810 SF mixed-use property comprised of retail, office, and multifamily tenants. All commercial tenants pay market or below market rents and many of their leases feature tax stops which limit slippage from potential tax increases. Rents are replaceable and the suites can be combined or demised with relative ease. Ownership has recently completed significant renovations to the residential units, as well as upgrading several of the building's capital systems. The building also features parking on site - somewhat rare for a high street building, and the residential tenants have access to covered parking spaces as an additional amenity. This opportunity is offered at an 7.75% CAP priced at $97 per square foot, the asking price for this property is below replacement cost. Located in the heart of Downtown Lisle, the property has enjoyed high historical occupancy. The intersection of Ogden and Main Street is 150 feet from 4706 Main Street, and enjoys visibility to roughly 25,000 vehicles per day. Please contact Marcus & Millichap with additional questions.

Investment Highlights

  • Highly visible from the Ogden Avenue and Main Street intersection | Convenient drop-in access | Ample parking for both retail, office and apartment tenants
  • Recent major capital expenditure upgrades done to the building | Three new GSMES80 furnaces, six CAPF & CAUF coils and six GSX13 condensing units.
  • Major capital expenditure upgrades to the residential units | New plank flooring, lighting fixtures, window treatments, all new electrical outlets, new bathroom vanity, mirror and toilet, new faucets in the bathrooms and kitchens, as well as paint.
  • Historic Downtown Lisle location | Positioned at the entrance to the Garden Walk on Main Street in downtown Lisle
  • Mixed-use | Building contains retail, office and multi-family units | Should help keep property taxes low

Exclusively Listed By

Financing By

Mixed-Use

Downtown Lisle Mixed Use

Listing Price: $940,000

Cap Rate
7.75%
Number of Units
12
Occupancy
99.0%
Price/Unit
$78,333
Price/Gross SF
$95.87
Gross SF
9,805

Investment Highlights

  • Highly visible from the Ogden Avenue and Main Street intersection | Convenient drop-in access | Ample parking for both retail, office and apartment tenants
  • Recent major capital expenditure upgrades done to the building | Three new GSMES80 furnaces, six CAPF & CAUF coils and six GSX13 condensing units.
  • Major capital expenditure upgrades to the residential units | New plank flooring, lighting fixtures, window treatments, all new electrical outlets, new bathroom vanity, mirror and toilet, new faucets in the bathrooms and kitchens, as well as paint.
  • Historic Downtown Lisle location | Positioned at the entrance to the Garden Walk on Main Street in downtown Lisle
  • Mixed-use | Building contains retail, office and multi-family units | Should help keep property taxes low

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 4706 Main Street in Downtown Lisle. The building is a 14,810 SF mixed-use property comprised of retail, office, and multifamily tenants. All commercial tenants pay market or below market rents and many of their leases feature tax stops which limit slippage from potential tax increases. Rents are replaceable and the suites can be combined or demised with relative ease. Ownership has recently completed significant renovations to the residential units, as well as upgrading several of the building's capital systems. The building also features parking on site - somewhat rare for a high street building, and the residential tenants have access to covered parking spaces as an additional amenity. This opportunity is offered at an 7.75% CAP priced at $97 per square foot, the asking price for this property is below replacement cost. Located in the heart of Downtown Lisle, the property has enjoyed high historical occupancy. The intersection of Ogden and Main Street is 150 feet from 4706 Main Street, and enjoys visibility to roughly 25,000 vehicles per day. Please contact Marcus & Millichap with additional questions.

Exclusively Listed By

Financing By

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