840 N Kinzie Ave
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840 N Kinzie Ave
12,826 SF 100% Leased Retail Building Bradley, IL 60915 £3,209,610 (£250/SF) 7% Net Initial Yield
Investment Highlights
- Great Tenant Mix (Mixture of National & Local uses)
- 100% Occupancy and Solid Releasing
- High Traffic & Visibility Corridor
Executive Summary
Seneca Real Estate Group LLC is pleased to offer for sale a fully occupied 13,000 SF multi-tenant retail center located in the heart of retail activity in Bradley, IL. The property, built in 2006, sits along the Kinzie Ave. (US Rt. 50) and front of Lowe's Home Improvement Store, Meijer Supermarket and across the street from main entrance to a 320 acre CSL Behring plasma center. The area boasts significant national retail presence including Target, Menard's, Aldi, McDonald's,Starbucks, Walmart, Marshalls, Staples, Michaels, and Northfield Mall to name a few. Bradley is located 60 miles south of downtown Chicago. Outstanding track record of occupancy and retenancy since its construction with with many tenants well into their option periods with interest to remain for many more years. Please see attached OM or contact listing agent for more information.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£319,246
|
£24.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£319,246
|
£24.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£94,573
|
£7.37
|
| Net Operating Income |
£224,673
|
£17.52
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £319,246 |
| Annual Per SF | £24.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £319,246 |
| Annual Per SF | £24.89 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £94,573 |
| Annual Per SF | £7.37 |
| Net Operating Income | |
|---|---|
| Annual | £224,673 |
| Annual Per SF | £17.52 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,826 SF
Building Class
B
Year Built
2006
Price
£3,209,610
Price Per SF
£250
Net Initial Yield
7%
NOI
£224,673
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Land Acres
1.40 AC
Zoning
C - B-2 Commercial
Parking
77 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
283 ft on Kinzie Ave
Amenities
- Pylon Sign
- Signalised Intersection
- Tenant Controlled HVAC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-09-21-101-002 | Improvements Assessment | £358,871 (2023) |
| Land Assessment | £177,544 (2023) | Total Assessment | £536,416 (2023) |
PROPERTY TAXES
Parcel Number
17-09-21-101-002
Land Assessment
£177,544 (2023)
Improvements Assessment
£358,871 (2023)
Total Assessment
£536,416 (2023)
-
R. Peter Giadla , CCIM -
Seneca Real Estate Group, LLC
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840 N Kinzie Ave
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