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Hillcrest Plaza 1405-1419 Washington Rd

8,480 SF 100% Leased Retail Building Washington, IL 61571 $355,000 ($42/SF) 12% Cap Rate

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Executive Summary

Highly visible, 5-unit shopping center located on Washington Road (BUS24). Opportunities for the new owner to occupy the one vacant, main level unit, or to have additional rents. Over 10% CAP rate with filling the vacant unit. The building has been recently remodeled, all new furnces/HVAC, updated water heaters, with new roof tear off (2020), and exterior and interior remodels. NDA for financials, no "For Sale" sign currently on the property.

1405-1419 W Washington Rd - Offering Memorandum

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

8,480 SF

Building Class

Year Built/Renovated

1973/2024

Price

$355,000

Price Per SF

$42

Cap Rate

12%

NOI

$42,600

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.35

Lot Size

0.55 AC

Zoning

C-2 - Commercial

Parking

20 Spaces (8.25 Spaces per 1,000 SF Leased)

Frontage

99 FT on Washington Rd

Amenities

Property Manager on Site
Pylon Sign

Tenant Controlled HVAC

Storage Space

Air Conditioning

Space Availability

1407
1,000 SF
Office
In-Line
30 Days

1/8

1405-1419 Washington Rd, Washington, IL for sale Interior Photo- Image 1 of 8 — Interior Photo

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1405-1419 Washington Rd, Washington, IL for sale Interior Photo- Image 4 of 8 — Interior Photo

1405-1419 Washington Rd, Washington, IL for sale Interior Photo- Image 5 of 8 — Interior Photo

1405-1419 Washington Rd, Washington, IL for sale Interior Photo- Image 6 of 8 — Interior Photo

1405-1419 Washington Rd, Washington, IL for sale Interior Photo- Image 7 of 8 — Interior Photo

1405-1419 Washington Rd, Washington, IL for sale Interior Photo- Image 8 of 8 — Interior Photo

1000 SF office or retail space available for immediate lease on Route 8/Washington Road in Washington. This retail/office building has 4 other current tenants and provides excellent visibility, signage and traffic counts. Gross lease at $900/mo and tenant pays utilities. Unit has brand new HVAC and water heater, with roof, parking lot and many other exterior updates made recently. The current layout of the unit includes a small reception area, 2 offices, work room, storage and restroom.