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Legacy Shops of Elmhurst 1035 S York Rd 6,400 SF 100% Leased Retail Building Elmhurst, IL 60126 $2,481,000 ($387.66/SF) 7% Cap Rate
Investment Highlights
- Jimmy John's Anchored near Busy, Signalized Intersection
- Fully Leased
- 1.5 Blocks from Elmhurst Hospital
Executive Summary
7.00% going in, and every one of the five leases escalates on schedule.
Base rent rises from $177,891 to $193,431 across the current terms — 8.7%, at 2% to 3% annually — with no re-leasing, no renegotiation, and no capital required to capture it. That works out to 7.80% on the offering price by end of term.
The roster is built on uses that can't be ordered online: a sandwich franchise, a sit-down Thai restaurant, a hair salon, a nail salon, and a beauty studio. Jimmy John's has held Unit A since June 2010 and has exercised three consecutive five-year options, most recently in November 2024. Bambu Thai amended in November 2025 to extend through August 2031.
Elmhurst Hospital sits 1,000 feet north — an 866,000 SF, 259-bed acute-care campus with 3,000 employees and 800 physicians arriving on shift schedules. 6,400 SF on 80 feet of York Street frontage at 19,400 VPD, fee simple, with 51 surface spaces at 7.97 per 1,000.
Download the Offering Memorandum for full financials, rent roll, and lease abstracts.
Base rent rises from $177,891 to $193,431 across the current terms — 8.7%, at 2% to 3% annually — with no re-leasing, no renegotiation, and no capital required to capture it. That works out to 7.80% on the offering price by end of term.
The roster is built on uses that can't be ordered online: a sandwich franchise, a sit-down Thai restaurant, a hair salon, a nail salon, and a beauty studio. Jimmy John's has held Unit A since June 2010 and has exercised three consecutive five-year options, most recently in November 2024. Bambu Thai amended in November 2025 to extend through August 2031.
Elmhurst Hospital sits 1,000 feet north — an 866,000 SF, 259-bed acute-care campus with 3,000 employees and 800 physicians arriving on shift schedules. 6,400 SF on 80 feet of York Street frontage at 19,400 VPD, fee simple, with 51 surface spaces at 7.97 per 1,000.
Download the Offering Memorandum for full financials, rent roll, and lease abstracts.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,400 SF
Building Class
C
Year Built
1988
Price
$2,481,000
Price Per SF
$387.66
Cap Rate
7%
NOI
$173,641
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.76 AC
Zoning
C-2, Elmhurst
Parking
51 Spaces (7.97 Spaces per 1,000 SF Leased)
Frontage
80’ on S York Rd
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bambu Thai
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Luxe & Leisure
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Madeline Grace Hair
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bambu Thai | - | - | - | Lorem Ipsum | Jan 0000 | |
| Luxe & Leisure | - | - | - | Lorem Ipsum | Jan 0000 | |
| Madeline Grace Hair | - | - | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-13-302-019 | Improvements Assessment | $307,182 |
| Land Assessment | $122,479 | Total Assessment | $429,661 |
Property Taxes
Parcel Number
06-13-302-019
Land Assessment
$122,479
Improvements Assessment
$307,182
Total Assessment
$429,661
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