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239-253 S Weber Rd 8,988 SF 50% Leased Retail Building Romeoville, IL 60446 For Sale
INVESTMENT HIGHLIGHTS
- Value-Add opportunity, only 50% occupancy and an in-place NOI of $140,933, with potential for an NOI of $325,000+
- Located as an outlot to a Kohl’s anchored center and part of a larger development called "Ovation Center"
- Chipotle and Dunkin' both have NNN leases and recently extended their Leases through 2029
- Excellent Purchase Opportunity for an Owner/User
EXECUTIVE SUMMARY
239-253 S. Weber Road, Romeoville, is an 8,988 SF multi-tenant retail building consisting of three (3) units in Will County, Illinois. Constructed in 2014, and boasting high visibility (33,800 VPD) the Property offers investors a value-add opportunity featuring national tenants Chipotle and Dunkin' with an in-place NOI of $140,933 (2025). With a compelling mix of established tenants and a 4,509 SF vacancy, this property provides a unique opportunity for investors and owner/users in a sought after retail corridor. The property is anchored by Kohl’s and Dollar Tree within the premier shopping destination, "Ovation Center", which is comprised of several national and local tenants. Neighboring retailers include Walmart, Jewel Osco, Aldi, T.J. Maxx, Discovery Clothing, Five Below, Blain's Farm & Fleet, Petco, Starbucks, Jersey Mike's, Verizon, among others.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,988 SF
Building Class
C
Year Built
2014
NOI
$140,933
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.31 AC
Zoning
B-3
Parking
64 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
265’ on S Weber Road
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 11-04-08-304-001 | Improvements Assessment | $172,450 |
| Land Assessment | $273,907 | Total Assessment | $446,357 |
PROPERTY TAXES
Parcel Number
11-04-08-304-001
Land Assessment
$273,907
Improvements Assessment
$172,450
Total Assessment
$446,357
CONTACTS
-
Matt Tarshis -
Zack Pearlstein -
Andrew Rubin -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
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239-253 S Weber Rd
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