7221-7347 Lemont Rd | Downers Grove, IL 60516
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- LoopNet Team
7221-7347 Lemont Rd
Downers Grove, IL 60516
Downers Park Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Performing Grocery Anchored Offering: High Volume Sales Productivity with Sub 2% Occupancy Cost, Anchored by Shop & Save Market
- Diversified Small Shop Tenancy with Below Market Rents: Income diversification across 15 separate small shop tenants, No tenant comprises more than 9%
- Shadow Anchor Tenancy: Additional traffic from adjacent national anchors TJ Maxx/Homegoods, Best Buy, Old Navy, and Party City
- Established Tenancy: WALT of 5+ Years and Average Tenant Tenure of 10+ Years
- 34,500 SF (28% of GLA) of new leasing in the past 12 months
- Prominent Frontage & Visibility: 60,600+ VPD at the intersection of 75th Street and Lemont Street
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
126,165 SF
Building Class
B
Year Built
1979
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
20.34 AC
Zoning
C
Parking
625 Spaces (4.95 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 09-29-110-019 | Improvements Assessment | $2,103,577 |
| Land Assessment | $3,537,406 | Total Assessment | $5,640,983 |
PROPERTY TAXES
Parcel Number
09-29-110-019
Land Assessment
$3,537,406
Improvements Assessment
$2,103,577
Total Assessment
$5,640,983
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