This Retail Property is Off-Market.

20535 S. Lagrange Rd.
Frankfort, IL 60423 ·

28,433 SF · Retail For Sale

N/A

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Vineyard's Of Frankfort

Price N/A Commission Split 2%
Gross Leasable Area 28,433 SF Cap Rate 9%
Property Type Retail No. Stories 1
Property Sub-type
Strip Center
More...
  • Street Retail
Tenancy Multiple
Property Use Type Investment Year Built 1996
Listing ID: 18332663 Date Created: 08/28/2013 Last Updated: 10/24/2014

Description

Matrix Realty Group is proud to offer The vineyards. Heavy traffic on LaGrange Ave. Dunkin Donuts on outlot provides excellent exposure (not included in sale)! First Merit Bank and Abri Credit Union are among some of the great tenants(pizza, salon, bar/restaurant, dance studio, liquor store, etc.! Stabilized property! Many long term tenants in place since original construction! Just reduced.

- 93% Occupancy
- Dunkin Donuts on out lot provides great traffic
- First Merit Bank and Abri Credit Union as anchors
- Property is in excellent condition
- Low Will County taxes ($2.66/sf)
- CAM at only $2.16/sf
- Room to increase net rents
- 8.95% Cap rate on

- Four way access onto La Grange Rd.
- Exit back onto LaGrange south at lighted intersection
- Heavy traffic on La Grange Rd.
- Major Retailers in area include: Mariano's (New development), Jewel, Dominicks, Home Depot, Auto Zone, Steak n Shake, Walt' s, Buffalo Wild Wings, Walgreens
- Dunkin Donuts on outlot not included

Highlights

  • 93% Occupancy
  • Stable Tenant Base
  • 2014 Projected NOI - $331,100 (in place)
  • 8.95% Cap Rate on in-place income

Research

20535 S. Lagrange Rd., Frankfort, IL 60423 (Will County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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