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Executive Summary

Transwestern is pleased to exclusively offer for sale a 7,026-square-foot, retail property, located on pad site to Walmart and Menard’s anchored shopping center, at 515 IL Route 173, Antioch, IL, 60002. This two-tenant center is occupied by Sherwin-Williams and Mattress Firm on long-term leases. Both Sherwin-Williams and Mattress Firm have each exercised tenant extension options from their original primary lease terms solidifying their long-term commitment to the location. Both tenants have more than five years remaining on their current lease terms, and both have additional extension options on their respective leases. The property is comprised of two suites totaling approximately 7,026 square feet of building, and originally constructed in 2006 and renovated in 2014. The building is situated at the northwest corner of Illinois Route 173 and Deep Lake Road
(State Road 36) on approximately 0.95 acres of land. This intersection has a combined traffic count of 25,000 vehicles per day and has grown into a strong retail corridor for the those that live in Antioch and surrounding communities. There are over 56,000 people living within a five-mile radius, with and average household income over $129,000. Other tenants in the area include ALDI, Starbucks, AT&T, Culver’s, Chase, Popeye’s, Arby’s, O’Reilly Auto Parts, Jersey Mike’s Subs, Car X Tire and Auto, and Jimmy Johns.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,026 SF
Building Class
B
Year Built
2006
Price
$3,897,945 CAD
Price Per SF
$554.79 CAD
Cap Rate
6.25%
NOI
$243,751 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.95 AC
Zoning
B-2
Parking
35 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
207’ on Deep Lake Rd

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
Fifth Third Bank
Chase Bank

Property Taxes

Property Taxes

Parcel Number
02-16-200-034
Land Assessment
$271,750 CAD
Improvements Assessment
$251,994 CAD
Total Assessment
$523,744 CAD
  • Listing ID: 30603977

  • Date on Market: 2024-01-08

  • Last Updated:

  • Address: 515-525 E Il Route 173, Antioch, IL 60002

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