2470 US 34 Rt
Oswego, IL 60543
Retail Property For Sale

Cushman & Wakefield’s Retail Investment Advisors presents Prairie Market (the Property), a 123,105 square foot open-air center located in Oswego, IL, one of the fastest growing communities in the Midwest (Kendall County). Anchored by national tenants Dick’s Sporting Goods, Best Buy, Barnes & Noble (new location), Ulta beauty, Five Below, and Dollar Tree, the Property benefits from below-market rents and a dominant regional trade area along Ogden Avenue (US Rt. 34). The majority of anchor tenants are single-digit rent payers, with average rents across the center at $11.91 per square foot and $9.20 per square foot over the 3 largest tenants: Dick’s Sporting Goods, Best Buy, and Barnes & Noble (new location). Prairie Market is shadow anchored by Walmart, Hobby Lobby, Meijer, Kohls + Sephora, HomeGoods, and a new construction Trader Joe’s.
Oswego, IL is one of the fastest growing communities in the Midwest with over 9,000 housing units under construction and recently approved. The primary drivers behind this growth are lower Kendall County taxes, lower cost of land, strong public school system, and increased quality of life. The recently announced Trader Joe’s due north of the center also reinforces the need for new retail, notably organic and specialty grocery stores. More than 203,000 residents currently live within 5 miles of the center with a average household income over $127,000.