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820 Wheeling Rd
Wheeling, IL 60090
First Colonial Commons · Retail Property For Sale

Investment Highlights

  • 90% occupied
  • Strategic Location
  • High Traffic Counts
  • Great neighborhood shopping center
  • Strong Demographics

Executive Summary

Pleased to present the exclusive opportunity to purchase the First Colonial Commons located at 820 S Wheeling Road in Wheeling, Illinois (the “Property”). The Plaza contains 13,032 square feet of gross leasable area on a 1.33-acre corner parcel. First Colonial Commons is comprised of nine (9) units and is 90% occupied by several e-commerce resistant tenants and a complimentary mix of local businesses offering products and services for the surrounding community. The plaza offers significant upside through the lease up of two remaining vacant spaces. First Colonial Commons is well-located at the signalized intersection of W Hintz Road and Wheeling Road, two of the area’s primary commercial and commuter corridors. The Property features excellent visibility and frontage and includes three points of access and ample parking. First Colonial Commons is positioned on the perimeter of a large industrial and business park, which houses over 800 businesses and employs tens of thousands of workers. The Property is also close to area schools and surrounded by densely populated residential neighborhoods that provide a built-in customer base. The Property offers convenient access to area highways and public transportation (municipal bus line and Metra Station). Wheeling is located approximately 25 miles northwest of Chicago’s Central Business District.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
13,032 SF
Building Class
B
Year Built
1988
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.33 AC
Parking
113 Spaces (8.67 Spaces per 1,000 SF Leased)
Frontage
150’ on Hintz

Amenities

  • 24 Hour Access
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
03-15-211-035-0000
Land Assessment
$298,626 CAD
Improvements Assessment
$247,520 CAD
Total Assessment
$546,147 CAD
  • Listing ID: 39891773

  • Date on Market: 2024-12-02

  • Last Updated:

  • Address: 820 Wheeling Rd, Wheeling, IL 60090

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