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CRESTWOOD CENTER | 8.75% Cap | 100% Leased 13805-13811 Cicero Ave

13,325 SF 100% Leased Retail Building Crestwood, IL 60445 £1,883,978 (£141/SF) 8.75% Net Initial Yield

Investment Highlights

  • 13,325 SF 100% Fully Leased Multi-Tenant Retail Center w/ Freestanding QSR Investment Opportunity
  • Robust Traffic Counts | 40,200+ VPD | Exceptional Location Offers Outstanding Frontage & Visibility on Heavily Traveled Main Retail Thoroughfare
  • Extensive Capital Improvements Done to The Property Over the Past Few Years: New Façade Added to Retail Center & New Parking Lot
  • Strategically Situated in Heart of Busy Downtown Crestwood Densely Populated Dynamic Retail Commercial Corridor & Easily Accessible
  • Long-Term Established Tenants in Place | E-Commerce Resistant Tenant Mix
  • Priced Below Replacement Cost @ $180.11 PSF w/ a 8.75% Cap Rate

Executive Summary

CRESTWOOD CENTER | 8.75% Cap | 100% Fully Leased | Crestwood (Chicago MSA)
• 13,325 SF 100% Fully Leased Multi-Tenant Retail Center w/ Freestanding QSR Investment Opportunity
• Positioned On Hard Corner of 138th St & Cicero Ave
• Outstanding Frontage, High Visibility, & Easy Access Site
• Situated on a Heavily Traveled Primary Retail Commercial Corridor Cicero Ave
• Robust Traffic Counts | 40,200+ VPD
• Long-Term Established Tenants in Place | E-Commerce Resistant Tenant Mix
• Extensive Capital Improvements Done to The Property Over the Past Few Years: New Façade Added to Retail Center & New Parking Lot
• Abundant Parking - Front, Side & Rear of Center
• Pace Bus Stop Located in Front of Retail Center
• Ideally Located in Densely Traveled Retail Thoroughfare Corridor Surrounded Near Numerous National & Regional Retailers
• Nearby Huge Traffic Generators: Menards, Walmart, McDonald's, Kohl’s, Target, Menards, Starbucks, Portillo’s, Raising Cane's, AMC Theaters, Aldi to Name a Few
• Densely Populated Area | 261,362 People Within a 5-Mile Radius of Property w/ an Average Annual Household Income in Excess of $119,374
• Within Proximity to I-294 Interchange (104,700 VPD) & I-57 Interchange (111,400 VPD)
• Priced Below Replacement Cost @ $180.11 PSF
• Priced at a True 8.75% Cap Rate

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,325 SF
Building Class
C
Year Built/Renovated
1979/2018
Price
£1,883,978
Price Per SF
£141
Net Initial Yield
8.75%
NOI
£164,848
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Land Acres
1.53 AC
Zoning
C, Crestwood - Commercial
Parking
93 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
150 ft on Cicero Ave

Amenities

  • Bus Route
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Monument Signage

Nearby Major Retailers

Harold's Chicken Shack
Pepe's Mexican Restaurants
Bubbakoo's Burritos
Old National Bank
Chase
Checkers
Buffalo Wild Wings
XSport Fitness
LA Fitness
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-03-100-086-0000
Land Assessment
£67,576
Improvements Assessment
£143,835
Total Assessment
£211,411
  • Listing ID: 33853817

  • Date on Market: 13/11/2024

  • Last Updated:

  • Address: 13805-13811 Cicero Ave, Crestwood, IL 60445

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