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6246 E Riverside Blvd 6246 E Riverside Blvd 15,592 SF 91% Leased Retail Building Loves Park, IL 61111 $1,749,352 ($112.20/SF) 7.90% Cap Rate



Investment Highlights
- Significant Upside Potential
- Diverse, E-Commerce Resistant Investment
- Economic Drivers
- Recent Capital Improvements
- Strategic Location
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 6246 E Riverside Boulevard in Loves Park, Illinois (the “Property”). The Plaza contains 15,592 square feet of gross leasable area on a 1.51-acre parcel. The Property is comprised of nine (9) units and is 90.75% occupied by several e-commerce resistant tenants and a complimentary mix of local businesses offering products and services for the surrounding community. The plaza is anchored by Fozzy’s Bar & Grill and offers significant upside through the lease up of 1,442 square feet of vacant space. The Property is well-located along E Riverside Boulevard, the area’s primary commercial and commuter corridor. The Property features excellent visibility and frontage and includes several points of access and ample parking. 6246 E Riverside Boulevard is positioned in the center of a thriving commercial district that is home to national and local retailers and restaurants and several car dealerships that drive traffic to the area. The Property is also close to area schools and surrounded by densely populated residential neighborhoods that provide a built-in customer base. The Property offers convenient access to area highways and public transportation (municipal bus line). Loves Park is located approximately 6.5 miles northeast of Downtown Rockland.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,592 SF
Building Class
C
Year Built
1993
Price
$1,749,352
Price Per SF
$112.20
Cap Rate
7.90%
NOI
$138,199
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.51 AC
Zoning
CR
Frontage
160’ on E Riverside Blvd
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located next to Fozzy's Bar & Grill. Could be used for storage only or could be remodeled as a store front. Landlord will give some tenant improvements. Listed price is "as is".
| Space | Size | Space Use | Position | Available |
| 6256 | 1,970 SF | Retail | - | 30 Days |
6256
| Size |
| 1,970 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
6256
| Size | 1,970 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Located next to Fozzy's Bar & Grill. Could be used for storage only or could be remodeled as a store front. Landlord will give some tenant improvements. Listed price is "as is".
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $676,462 | |
| Land Assessment | $259,994 | Total Assessment | $936,456 |
Property Taxes
Parcel Numbers
Land Assessment
$259,994
Improvements Assessment
$676,462
Total Assessment
$936,456
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6246 E Riverside Blvd | 6246 E Riverside Blvd
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