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Lindenhurst Plaza 2040-2140 E Grand Ave 85,119 SF 97% Leased Retail Building Lindenhurst, IL 60046 $11,503,000 ($135.14/SF) 8% Cap Rate
Investment Highlights
- 97 Percent Occupied Neighborhood Retail Center Anchored by Ace Hardware
- Strong Mix of Local, Regional and National Branded Tenants | National Tenants Include H&R Block, ACE Hardware, Subway, Domino’s, and the U.S. Army
- Situated at the Signalized Intersection of Sand Lake Road and Grand Avenue
- New Leasing Momentum: One New Lease in 2025, Five New Leases in 2024 and Three New Leases in 2023
- Add-Value Opportunity | 2,586 Square Feet of Vacant Space Available to Lease | Low $11.73 Per Square-Foot Average Base Rent
- The Dominant Retail Center of the Sub-Market with Little Competition
Executive Summary
Lindenhurst Plaza is a 97 percent occupied neighborhood retail center anchored by Ace Hardware with strong leasing momentum and a well-balanced mix of local, regional, and national tenants. Recent leasing activity including one new lease in 2025, five in 2024, and three in 2023; 8 of 13 tenants operate under net leases. National tenants include H&R Block, ACE Hardware, Subway, Domino’s,and the U.S. Army, providing stability and long-term appeal. The center benefits from excellent visibility at a signalized intersection, featuring over 1,000 feet of frontage along Grand Avenue with 14,700 vehicles per day and multiple points of ingress and egress. The surrounding trade area is highly affluent and densely populated, highlighted by average household incomes of $146,485 within three miles.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
85,119 SF
Building Class
B
Year Built/Renovated
1973/1989
Price
$11,503,000
Price Per SF
$135.14
Cap Rate
8%
NOI
$920,277
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
5.75 AC
Zoning
CB, Lindenhurst - Business
Parking
600 Spaces (7.05 Spaces per 1,000 SF Leased)
Frontage
1,020’ on Grand Ave
Amenities
- Restaurant
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Last Retail space available! Suitable for multiple purposes (Restaurant, Daycare, Vet/Pet shop, etc)
| Space | Size | Space Use | Position | Available |
| 2114 | 2,586 SF | Retail | In-Line | Now |
2114
| Size |
| 2,586 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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Map
2114
| Size | 2,586 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Last Retail space available! Suitable for multiple purposes (Restaurant, Daycare, Vet/Pet shop, etc)
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,413,147 | |
| Land Assessment | $593,560 | Total Assessment | $2,006,707 |
Property Taxes
Parcel Numbers
Land Assessment
$593,560
Improvements Assessment
$1,413,147
Total Assessment
$2,006,707
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
