20535 S. Lagrange Rd.
Frankfort, IL 60423 ·
28,433 SF · Retail For Sale
Vineyard's Of Frankfort
|Gross Leasable Area||28,433 SF||Cap Rate||9%|
|Property Type||Retail||No. Stories||1|
|Property Use Type||Investment||Year Built||1996|
|Listing ID: 18332663||Date Created: 08/28/2013||Last Updated: 10/24/2014|
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
- 93% Occupancy
- Stable Tenant Base
- 2014 Projected NOI - $331,100 (in place)
- 8.95% Cap Rate on in-place income
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