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22nd St Plaza 300-350 E 22nd St

40,800 SF 80% Leased Retail Building Lombard, IL 60148 $9,704,160 CAD ($238 CAD/SF) 7.70% Cap Rate

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Investment Highlights

Neighborhood Center in densely populated suburb of Lombard
Upside through rental increases and net lease conversions
Easy access to full I-88 and I-355 Interchanges

Low vacancy submarket
DuPage County taxes

Executive Summary

300-352 E. 22nd Street Lombard, IL is an excellent opportunity to purchase a 40,800 square foot neighborhood retail building for $6,900,000 ($169.00 PSF) in one of DuPage County’s hottest retail markets, the I-88 Corridor. The property is 100% leased* with Greek Islands as the marquee tenant. This restaurant is well known for having the best Greek Food in the Western Suburbs. There are a total of five tenants. The going in Cap Rate is 7.70%. The center offers substantial upside through rental increases and net lease conversions. Located 1 mile from full I-88 and I-355 interchanges the property has easy access to all of the Chicago Metro Markets. *Owner to master lease vacant 8,085 square foot space for one year.