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Highland Plaza 905-921 W 55th St 24,500 SF 91% Leased Retail Building Countryside, IL 60525 For Sale 7.50% Cap Rate
Investment Highlights
- Facing Hi Traffic 55th Street
Executive Summary
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$759,707
|
$29.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$55,825
|
$2.15
|
| Effective Gross Income |
$703,882
|
$27.07
|
| Taxes |
$209,343
|
$8.05
|
| Operating Expenses |
$62,803
|
$2.42
|
| Total Expenses |
$272,146
|
$10.47
|
| Net Operating Income |
$431,736
|
$16.61
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $759,707 |
| Annual Per SF | $29.22 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $55,825 |
| Annual Per SF | $2.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $703,882 |
| Annual Per SF | $27.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $209,343 |
| Annual Per SF | $8.05 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $62,803 |
| Annual Per SF | $2.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $272,146 |
| Annual Per SF | $10.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $431,736 |
| Annual Per SF | $16.61 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Educational Services
- -
- -
- Plus Utilities
- Jun 2018
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- Benny's Barber Shop & Salon
- Services
- -
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- -
- -
- Highland's Cleaners
- Services
- -
- -
- -
- -
- Kenny's Tavern
- Accommodation and Food Services
- -
- -
- -
- -
- La Machiocana
- -
- -
- -
- -
- -
- Lilly's Dresser
- Retailer
- -
- -
- -
- -
- Salon On 55th
- Services
- -
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
- -
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- West Suburban Ballet Conservatory
- -
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | - | - | Plus Utilities | Jun 2018 | |
| Benny's Barber Shop & Salon | Services | - | - | - | - | |
|
|
Health Care and Social Assistance | - | - | - | - | |
| Highland's Cleaners | Services | - | - | - | - | |
| Kenny's Tavern | Accommodation and Food Services | - | - | - | - | |
| La Machiocana | - | - | - | - | - | |
| Lilly's Dresser | Retailer | - | - | - | - | |
| Salon On 55th | Services | - | - | - | - | |
|
|
Finance and Insurance | - | - | - | - | |
| West Suburban Ballet Conservatory | - | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Previously Dental Office, Excellent Built-Outs, Corner Unit
| Space | Size | Space Use | Position | Available |
| 919 | 1,135-2,300 SF | Retail | - | Now |
919
| Size |
| 1,135-2,300 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
919
| Size | 1,135-2,300 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Previously Dental Office, Excellent Built-Outs, Corner Unit
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $985,586 CAD (2025) | |
| Land Assessment | $337,096 CAD (2025) | Annual Taxes | $209,343 CAD ($8.54 CAD/SF) |
| Improvements Assessment | $648,490 CAD (2025) | Tax Year | 2024 |
Property Taxes
Presented by
Karvelas Realty
Highland Plaza | 905-921 W 55th St
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