22nd St Plaza | 300-350 E 22nd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
22nd St Plaza 300-350 E 22nd St
40,800 SF 80% Leased Retail Building Lombard, IL 60148 $6,900,000 ($169/SF) 7.70% Cap Rate
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
40,800 SF
Building Class
B
Year Built
1982
Price
$6,900,000
Price Per SF
$169
Cap Rate
7.70%
NOI
$531,300
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
3.54 AC
Zoning
B-3, Lombard - Community Shopping District
Parking
200 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
351 FT on East 22nd Street
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
SINGLE FLOOR OFFICE / SHOWROOM SPACE AVAILABLE. owner responsibility for roof and hvac maintenance.
| Space | Size | Space Use | Position | Available |
| 345 | 8,085 SF | Office/Retail | - | Now |
345
| Size |
| 8,085 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
345
| Size | 8,085 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
SINGLE FLOOR OFFICE / SHOWROOM SPACE AVAILABLE. owner responsibility for roof and hvac maintenance.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-20-307-013 | Improvements Assessment | $405,100 |
| Land Assessment | $456,680 | Total Assessment | $861,780 |
PROPERTY TAXES
Parcel Number
06-20-307-013
Land Assessment
$456,680
Improvements Assessment
$405,100
Total Assessment
$861,780
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
22nd St Plaza | 300-350 E 22nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.