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401-411 S Route 83 17,120 SF 100% Leased Retail Building Grayslake, IL 60030 $2,024,084 CAD ($118.23 CAD/SF)
INVESTMENT HIGHLIGHTS
- +/- 17,200 SF center on 1 Acre w/ 250’ of frontage on Rte. 83 in Grayslake
- Property and location PRIMED for repositioning this asset
- NOW FULLY LEASED!
- Priced way under replacement cost and well under average per sq. ft. retail building asking prices in comparable markets.
EXECUTIVE SUMMARY
NOW FULLY LEASED. New lease signed on larger 5,200sf unit. Hard to find a retail center with this low of a per sq. ft. price! The low acquisition cost leaves room for renovation costs to reposition the investment and capitalize on a location primed for success. Major road improvements right in front of center almost complete.
More major road improvements in very close proximity are in the planning/study stages. Many national tenants blocks away. New Industrial campus being advertised just to the north. High occupancies in the immediate area. Current tenant base at under market rents.
Location! Location! Location! Capitalize on this location surrounded by growth and excitement.
More major road improvements in very close proximity are in the planning/study stages. Many national tenants blocks away. New Industrial campus being advertised just to the north. High occupancies in the immediate area. Current tenant base at under market rents.
Location! Location! Location! Capitalize on this location surrounded by growth and excitement.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,120 SF
Building Class
C
Year Built
1960
Price
$2,024,084 CAD
Price Per SF
$118.23 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
1.00 AC
Zoning
GB
Parking
32 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
250’ on S IL Route 83
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-35-200-036 | Improvements Assessment | $202,628 CAD |
| Land Assessment | $148,716 CAD | Total Assessment | $351,343 CAD |
PROPERTY TAXES
Parcel Number
06-35-200-036
Land Assessment
$148,716 CAD
Improvements Assessment
$202,628 CAD
Total Assessment
$351,343 CAD
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401-411 S Route 83
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