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Willow Creek Center 2241 Willow Rd 181,024 SF 100% Leased Retail Building Glenview, IL 60025 $34,500,000 ($190.58/SF) 8.25% Cap Rate
Investment Highlights
- Outstanding Credit Tenancy
- Desirable North Shore Location
- Unparalleled Demographics
- Significant Leasing Momentum
- Traffic-Driving Shadow Anchor
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Willow Creek Center, a grocery anchored regional shopping center that serves Chicago’s affluent North Shore suburb of Glenview. Willow Creek features an outstanding rent roll consisting of grocery, health & wellness, fast-casual dining, specialty retail, and personal services and is shadow-anchored by a high-performing Target.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
181,024 SF
Building Class
B
Year Built
1999
Price
$34,500,000
Price Per SF
$190.58
Cap Rate
8.25%
NOI
$2,845,031
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
10.42 AC
Parking
870 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
950’ on Old Willow Rd
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-22-202-013-0000 | Improvements Assessment | $475,045 |
| Land Assessment | $2,546,955 | Total Assessment | $3,022,000 |
Property Taxes
Parcel Number
04-22-202-013-0000
Land Assessment
$2,546,955
Improvements Assessment
$475,045
Total Assessment
$3,022,000
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Willow Creek Center | 2241 Willow Rd
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