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North Ridge & Rossell North Centers 6301-6405 W North Ave

36,005 SF 97% Leased Retail Building Oak Park, IL 60302 $12,038,784 CAD ($334 CAD/SF) 7.50% Cap Rate

Retail Buildings Illinois Oak Park 6301-6405 W North Ave, Oak Park, IL 60302

Investment Highlights

  • Stable Tenant Lineup
  • Established Dense Demographic Profile | 36K Residents within a 1-Mile Radius
  • Below Market Tenants | Value-Add Opportunity
  • Prominent Retail Location
  • Recent Leasing Velocity

Executive Summary

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in North Ridge and Rossell North Shopping Centers. The offering represents a rare opportunity to acquire well performing strip centers situated on North Ave in the heart of the Oak Park retail trade area.

Attachments

North Ridge & Rossel North Center Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
36,005 SF
Building Class
B
Year Built/Renovated
1957/1997
Price
$12,038,784 CAD
Price Per SF
$334 CAD
Cap Rate
7.50%
NOI
$902,889 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Land Acres
1.07 AC
Parking
101 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
131 ft on N Ridgeland Ave

Amenities

  • Pylon Sign

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 14
  • 1,000 SF
  • Office/Retail
  • In-Line
  • 30 Days

Former Office

Space Size Space Use Position Available
14 1,000 SF Office/Retail In-Line 30 Days

14

Size
1,000 SF
Space Use
Office/Retail
Position
In-Line
Available
30 Days

14

Size 1,000 SF
Space Use Office/Retail
Position In-Line
Available 30 Days

Former Office

Links

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6301-6405 W North Ave, Oak Park, IL - aerial map view
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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What is a Walk Score®
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-05-100-038-0000
  • 16-06-207-010-0000
  • 16-06-207-011-0000
  • 16-05-100-039-0000
  • 16-06-207-009-0000
 Improvements Assessment $499,555 CAD
Land Assessment $625,361 CAD Total Assessment $1,124,916 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-05-100-038-0000
  • 16-06-207-010-0000
  • 16-06-207-011-0000
  • 16-05-100-039-0000
  • 16-06-207-009-0000
Land Assessment
$625,361 CAD
Improvements Assessment
$499,555 CAD
Total Assessment
$1,124,916 CAD
(630) 954-7398

  • Listing ID: 33776644

  • Date on Market: 2024-11-06

  • Last Updated:

  • Address: 6301-6405 W North Ave, Oak Park, IL 60302

The Retail Property at 6301-6405 W North Ave, Oak Park, IL 60302 is currently available For Sale. Contact Mid-America Real Estate Corp. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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North Ridge & Rossell North Centers | 6301-6405 W North Ave
(630) 954-7398 x

North Ridge & Rossell North Centers | 6301-6405 W North Ave

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George Ghattas

(630) 954-7398

(630) 954-7398

Joe Girardi

(630) 954-7392

(630) 954-7392

Emily Gadomski

(630) 261-6962

(630) 261-6962

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