Shiloh Mall 2711 Sheridan Rd 22,000 SF 100% Leased Retail Building Zion, IL 60099 $799,000 ($36.32/SF) 9.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Retail Interior Mall in Downtown Zion, Illinois
- Downtown Zion Illinois and close to the City of Hope Cancer Hospital
- Opportunity to develop vacant spaces with a credit from owner for up to $100,000 for ambitious buyer!
EXECUTIVE SUMMARY
Prime Zion retail and interior mall composed of first floor and lower level retail and offices located in the heart of Zion and close the city of Hope Cancer hospital.
22,000 square feet. Leasing options range from 600 square feet to 2,500 square feet. There are three private entrances to the mall, providing easy access from two
Large parking lots available for tenants and visitors. The first-floor casual restaurant is Lorenzo's.
Owner included in pricing up to $100,000 for renovation for a motivated buyer to combine spaces to lease out.
Vacant spaces offer opportunities for offices, retail, and service-oriented users.
Tenants pay their utilities.
22,000 square feet. Leasing options range from 600 square feet to 2,500 square feet. There are three private entrances to the mall, providing easy access from two
Large parking lots available for tenants and visitors. The first-floor casual restaurant is Lorenzo's.
Owner included in pricing up to $100,000 for renovation for a motivated buyer to combine spaces to lease out.
Vacant spaces offer opportunities for offices, retail, and service-oriented users.
Tenants pay their utilities.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
22,000 SF
Building Class
B
Year Built
1979
Price
$799,000
Price Per SF
$36.32
Cap Rate
9.51%
NOI
$76,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.60 AC
Zoning
HB, Zion - Highway business district
Parking
25 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
104’ on Sheridan Rd
AMENITIES
- Bus Line
- Signage
- Enclosed Mall
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-22-310-018 | Total Assessment | $163,112 (2023) |
| Land Assessment | $56,760 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $106,352 (2023) | Tax Year | 2024 |
