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Shopping Strip

Full Bloom Shopping Center

1554 Bloomingdale Rd, Glendale Heights, IL 60139

Listing Price: $1,050,000

Cap Rate
5.42%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$70.00
Lot Size
1.05 acres
Year Built
1966

Investment Overview

Marcus & Millichap is proud to present Full Bloom Shopping Center, a service orientated, 15,000-square-foot multi-tenant center, located at 1554 Bloomingdale Road in Glendale Heights, Illinois. The property is currently 77 percent leased by local tenants-all operating under gross leases. 8 of the 10 tenants have been occupants for over 10 years. The property consists of 12 retail units and a two-car garage which are all situated on a 1.05-acre parcel. The property benefits from prominent visibility as well as two-point of ingress and egress from Bloomingdale Road, and one point of egress onto East Fullerton Avenue. With average daily traffic counts of approximately 19,000 cars per day, ~107,000 people residing within a three-mile radius, and average household incomes over $115,000, this center has great potential for a new owner to create significant value. Glendale Heights is a modern residential suburb. Within the last two decades, the village has experienced significant growth, which has caused an expansion of all types of residential housing. Glendale Heights is teaming with industrial business parks, expansive school systems, and local retail centers. The many improvements to the village, whether it be the repairs to the road system or the many parks located within its boundaries, has spurned strong growth. This has positively impacted retail traffic throughout Glendale Heights.

Investment Highlights

  • Value-add Opportunity, With 23 Percent Vacancy to be Filled
  • Low DuPage County Taxes
  • Priced Well Below Replacement ($70.00 per square foot)

Exclusively Listed By

Listing Price: $1,050,000

Cap Rate
5.42%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$70.00
Lot Size
1.05 acres
Year Built
1966

Investment Highlights

  • Value-add Opportunity, With 23 Percent Vacancy to be Filled
  • Low DuPage County Taxes
  • Priced Well Below Replacement ($70.00 per square foot)

Investment Overview

Marcus & Millichap is proud to present Full Bloom Shopping Center, a service orientated, 15,000-square-foot multi-tenant center, located at 1554 Bloomingdale Road in Glendale Heights, Illinois. The property is currently 77 percent leased by local tenants-all operating under gross leases. 8 of the 10 tenants have been occupants for over 10 years. The property consists of 12 retail units and a two-car garage which are all situated on a 1.05-acre parcel. The property benefits from prominent visibility as well as two-point of ingress and egress from Bloomingdale Road, and one point of egress onto East Fullerton Avenue. With average daily traffic counts of approximately 19,000 cars per day, ~107,000 people residing within a three-mile radius, and average household incomes over $115,000, this center has great potential for a new owner to create significant value. Glendale Heights is a modern residential suburb. Within the last two decades, the village has experienced significant growth, which has caused an expansion of all types of residential housing. Glendale Heights is teaming with industrial business parks, expansive school systems, and local retail centers. The many improvements to the village, whether it be the repairs to the road system or the many parks located within its boundaries, has spurned strong growth. This has positively impacted retail traffic throughout Glendale Heights.

Exclusively Listed By

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