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Northpoint Plaza 2-20 Northpoint Dr 123,500 SF 100% Leased Retail Building Streator, IL 61364 $5,800,000 ($46.96/SF)
INVESTMENT HIGHLIGHTS
- All new roofs except for the area over spaces 23-28 and space 8
- New water main was installed along with new fire hydrants around the center 5 years ago
- The parking lot was completely milled and resurfaced approximately 7 years aga
- Sprinkler risers and systems were upgraded 5 years ago
EXECUTIVE SUMMARY
Presenting a prime investment opportunity, this 197,359 SF retail/strip center features 21 units within 2 well-maintained buildings. Originally constructed in 1981 and renovated in 2000, the property features numerous recent upgrades, including new roofs, resurfaced parking lots, water main installations, and modern LED lighting. With occupancy soaring from 20% at the time of purchase in 2015 to over 80% today, this property promises high potential for returns. Situated in a Qualified Census Tract for both NMTC and Opportunity Zone benefits, this center offers a strategic and enticing investment prospect in the thriving Streator area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
123,500 SF
Building Class
B
Year Built/Renovated
1981/2000
Price
$5,800,000
Price Per SF
$46.96
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.16
Lot Size
18.06 AC
Zoning
C-3
Parking
500 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $530,285 | |
| Land Assessment | $33,268 | Total Assessment | $563,553 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$33,268
Improvements Assessment
$530,285
Total Assessment
$563,553
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Northpoint Plaza | 2-20 Northpoint Dr
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