117 W Main St
St Charles, IL 60174
St. Charles High Street Retail · Retail Property For Sale

Marcus & Millichap is pleased to present, 117 W Main St located in the heart of the St. Charles, Illinois' Central Historic District. The property is comprised of approximately 14,030 square-feet 9,380 above grade and 4,650 square feet below grade used for tenant storage and sits on a .14 acre lot. The building is currently 100% occupied by four tenants, Forever Yogurt, Smallcakes: A Cupcakery and Creamery, Szechwan Restaurant and DiamondaireJewelers. All tenants operate under Net leases reimbursing for their pro-rata share of CAM, insurance, taxes, and management fees leaving minimal landlord responsibility. With recent renovations, an incoming investor will not have to address any major capital improvements in the foreseeable future. All tenant leases have rental increases throughout the base term and include renewal options. The property is located just off the signalized corner of Main Street, Route 64, and Geneva Road with excellent frontage and visibility along Main Street that enjoys traffic counts in excess of 50,000 vehicles per day and substantial pedestrian traffic. The building features attractive brick masonry construction and in 2012 the current owner completed a $1.8 Million full renovation of the building including new electrical, plumbing, roof, masonry and steel structural beams. The property offers accessible free parking adjacent to the building in addition to the newly constructed, 430 spot parking garage directly in the rear. The City of St. Charles is approximately 40-Miles West of Downtown Chicago and 30-Miles West of the O'Hare International Airport. The property has a population density of over 106,172 and an average household income of over $127,786 within a five-mile radius.In 2006, the city approved a 5-phase development plan for the First Street Redevelopment Project with phases 1 and 2 being completed in 2009. This development is directly behind the property.