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2020 Route 12
Spring Grove, IL 60081
Spring Grove Center · Retail Property For Sale
Investment Highlights
- 93% Occupied, 21,130 SF Value-Add Shopping Center in Spring Grove, Illinois
- Below-Market $11.86/SF NNN Average Rent | Upside Opportunity
- 0.25-Mile Down RT-12 to Jewel-Osco; Only Grocery Store in Spring Grove
- Projected 9.04% CAP at 100% Occupancy | Value-Add via Lease- Up of 1,560 SF of Vacant Space
- Affluent/Mature Demographics: AHHI of $123K Within 1-Mile | 35,755 Residents Within 5-Miles
- 71% of GLA with Leases Thru at Least 2026
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,130 SF
Building Class
B
Year Built
2001
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
3.18 AC
Zoning
B-2 - Central Business District
Parking
170 Spaces (8.05 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $269,613 | |
| Land Assessment | $98,013 | Total Assessment | $367,626 |
Property Taxes
Parcel Numbers
Land Assessment
$98,013
Improvements Assessment
$269,613
Total Assessment
$367,626
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