21W042 Lake St
Addison, IL 60101
Retail Property For Sale

Redevelopment Opportunity Off I-355 In Addison Excellent redevelopment site for sale at the corner of Lake Street & Rohlwing Road in Addison, Illinois with exposure to 120,000 VPD along I-355. The property contains a 2,620 SF building on a .51 AC lot. 15 years remaining on a 20-year lease with Clear Channel for a billboard with NOI of $50,750/yr and increases throughout the term. B-2 zoning allowing a variety of uses. Excellent frontage & signage opportunities, direct access to Interstate-355, on-site parking and a gated perimeter/entryway. Neighboring retailers include Sam's Club, CVS/Pharmacy, Chipotle, Panda Express, Starbucks, Verizon, Panera, AT&T, Dunkin' Donuts, American Mattress, McDonald's & many more. Plus 21-screen Addison Movie Theater & Hampton Inn & Suites. The offering located at 21W042 Lake Street is located on the northeast side of Lake Street, a main east/west thoroughfare in Addison, Illinois. The property offers a prime location in one of Addison's most trafficked retail corridors providing exposure to an average daily traffic count of 56,600 VPD. This retail driven corridor offers the property a high presence of national and local retailers along Lake Street and Rohlwing Road. The property neighbors a ramp to I-355 providing easy access to the interstate system, surrounding communities and Chicago. Noticeable retailers nearby include: Sam's Club, CVS Pharmacy, Marcus Theatre, Chipotle, Panda Express, Starbucks, Dunkin Donuts, IHOP, American Matress, McDonald's among many more.