This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

515-525 E Il Route 173

7,026 SF 100% Leased Retail Building Antioch, IL 60002 £2,248,650 (£320/SF) 6.25% Net Initial Yield

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
£2,248,650
Price Per SF
£320
Net Initial Yield
6.25%
NOI
£140,616
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Land Acres
0.95 AC
Zoning
B-2
Parking
35 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
207 ft on Deep Lake Rd

Amenities

  • Signage
  • Signalised Intersection
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-16-200-034
Land Assessment
£140,137
Improvements Assessment
£161,494
Total Assessment
£301,631
  • Listing ID: 30603977

  • Date on Market: 08/01/2024

  • Last Updated:

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

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}