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Investment Highlights

  • Retail flex units with large DID
  • Nearby other retailers
  • High Ceilings

Executive Summary

For sale is a 25,200 SF flex retail/industrial building with 5 tenant spaces.? The property features 5 fully-leased units with short term under market rents. Plenty of parking, large DID's, and nearby many other retailers such as Jewel, McDonalds, UHaul, Chase bank, and more.? A buyer would have the ability to keep the tenants or use some or all of the space(s) for his/her business as the shorter term leases expire. There is significant value add opportunity by bringing the rents up to market rates. More financial and tenant information available with an executed NDA.

Property Facts

Price $3,035,538 CAD
Price Per SF $120.46 CAD
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Showroom
  • General Retail Storefront
  • General Retail Storefront Retail/Office
  • Industrial Service
Building Class B
Lot Size 2.29 AC
Rentable Building Area 25,200 SF
No. Stories 1
Year Built 1996
Parking Ratio 2.97/1,000 SF
Clear Ceiling Height 16’
No. Drive In / Grade-Level Doors 7
Zoning B2 - B2 in Spring Grove

Utilities

  • Lighting
  • Gas
  • Water - Well
  • Sewer - City
  • Heating - Gas
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
04-25-400-016
Land Assessment
$72,450 CAD
Improvements Assessment
$267,039 CAD
Total Assessment
$339,489 CAD
  • Listing ID: 40736268

  • Date on Market: 2026-06-01

  • Last Updated:

  • Address: 2449 Pierce Dr, Spring Grove, IL 60081

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