20535 S. Lagrange Rd., Frankfort, IL, 60423 - Available for Sale

Retail For Sale

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Vineyard's Of Frankfort

20535 S. Lagrange Rd., Frankfort, IL 60423

$3,699,000

28,433 SF | Retail

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Vineyards of Frankfort - 8.95% cap

Retail Property For Sale - In Contract

Price:
$3,699,000
Gross Leasable Area:
28,433 SF
Price/SF:
$130.10
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Street Retail
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
9%
Occupancy:
96%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1996
Listing ID
18332663
Last Updated
25 days ago

Find Out More...

Highlights

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

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

Financial Summary

  • Actual
  • 2014
  • $468,975
  • $137,860
  • $331,115

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

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

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Joshua Budny

Specializing in office, retail, industrial, apartments and land sales. Also tenant representation - helping tenants lease commercial space.

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Asking Price Index Trends for Frankfort, IL Retail For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$103-1.1%-1.9%
-
Metro
$113-1.2%-2.1%
-
County
$123+5.2%-6.9%

View Frankfort Market Trends for other property types for sale or lease. Learn more about the chart info.

Vineyard's Of Frankfort
  • Retail
  • $3,699,000
  • 28,433 SF