300 W Lake St
27,656 SF 100% Leased Retail Building Elmhurst, IL 60126 $3,000,000 ($108.48/SF) 7.30% Cap Rate
EXECUTIVE SUMMARY
Great Mixed Use Retail / Office Building (C-3 Zoning) on Lake St in Elmhurst. 100% occupied at a 7.3 cap rate. 50 parking spaces on site. Minutes to downtown Elmhurst, 290, 294, 83, North and York. Great long term tenants including DeForest Dance Studio, DeForest Creative Group, Elmhurst Chamber of Commerce, Dipsy Desserts and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
27,656 SF
Building Class
B
Year Built
1972
Price
$3,000,000
Price Per SF
$108.48
Cap Rate
7.30%
NOI
$219,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.54
Lot Size
1.17 AC
Zoning
C - Commercial
Parking
50 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
200’ on Lake street
AMENITIES
- Property Manager on Site
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $266,280 | |
| Land Assessment | $221,990 | Total Assessment | $488,270 |
