518 Metropolitan Way | Des Plaines, IL 60016
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- LoopNet Team
518 Metropolitan Way
Des Plaines, IL 60016
Grocery Anchored Infill Retail Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Grocery Anchored Lifestyle Center Located in the Middle of a Vibrant Downtown Community | Value Add Opportunity | 81 Percent Occupied
- Shop & Save, a Regional Grocer, has Been at the Center Since 2005 | Operates Five Locations Across the Chicagoland Area
- Located 500 Feet from the Des Plaines Metra Stop - Approximately 5,552,111 Riders on the Union Pacific Northwest Line in 2024
- Anchored by Shop & Save Grocery Market with a Variety of Local and National Tenants
- Potbelly and Clear Vision have been at Center for 19+ Yrs | Esma Beauty Recently Executed 5 Yr Lease and Gen-X BBQ Steakhouse Executed 10 Yr Lease
- 16,968 People Live Within One Mile | 134,276 People Live Within Three Miles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
40,014 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.13
Lot Size
7.00 AC
Zoning
10
Parking
145 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,360,563 | |
| Land Assessment | $1,101,174 | Total Assessment | $2,461,737 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,101,174
Improvements Assessment
$1,360,563
Total Assessment
$2,461,737
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