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19-23 W Quincy St 4,596 SF 100% Leased Retail Building Westmont, IL 60559 $1,200,000 ($261.10/SF) 6.11% Cap Rate



INVESTMENT HIGHLIGHTS
- Heavy foot traffic location
- Directly across from the Metra station and platform
- Corner lot highly visible location
EXECUTIVE SUMMARY
Incredible investment opportunity: a turnkey, fully-leased retail property in the heart of downtown Westmont. This property is ideally situated directly across from the Westmont Metra BNSF Line, a highly visible location at the corner of Quincy and Lincoln, right across from the Metra station and platform. As of 2018, Westmont was the 44th busiest of Metra's 236 non-downtown stations, with an average of 1,083 weekday boardings, creating a vibrant atmosphere for local businesses. Adding to its appeal, Quincy Station, a luxury apartment building catering to "on-the-go" professionals (with 94 rentals ranging from $2,400-$4,250 per month), is located approximately 250 feet to the east of this property. This prime positioning makes the property a convenient stop for both commuters and area residents. The recently updated pedestrian area further enhances its appeal, offering a welcoming environment, ample parking, and significant foot traffic to support local businesses. The building features three adjoining storefronts on Quincy Avenue: * **Brewed Awakenings Coffee Shop:** 1,200 sq/ft (long-term tenant) * **Parks Vintage (vintage clothing):** 1,635 sq/ft * **Core Pilates:** 1,200 sq/ft Additionally, a fourth storefront, Grab N Go (convenience store):**600 sq/ft, fronts Lincoln Avenue. All tenant leases are current, tenants pay all utilities, built-in rent bumps and extension options, making this a potentially long-term "trophy" property for your portfolio.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,596 SF
Building Class
C
Year Built
1927
Price
$1,200,000
Price Per SF
$261.10
Cap Rate
6.11%
NOI
$73,320
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Lot Size
0.17 AC
Zoning
B-1, Westmont - B-1 Zoning: https://library.municode.com/il/westmont/codes/code_of_ordinances?nodeId=COOR_APXAZO_ARTVIIBUDI_S7.02BUDIPR
Frontage
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-09-407-001 | Improvements Assessment | $141,109 (2024) |
| Land Assessment | $81,933 (2024) | Total Assessment | $223,042 (2024) |
PROPERTY TAXES
Parcel Number
09-09-407-001
Land Assessment
$81,933 (2024)
Improvements Assessment
$141,109 (2024)
Total Assessment
$223,042 (2024)
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19-23 W Quincy St
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