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Theodore Plaza 800 Theodore 15,000 SF 100% Leased Retail Building Crest Hill, IL 60403 $2,032,000 ($135.47/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic Count
- Potential Value ad with rental increases
- Long lease terms
EXECUTIVE SUMMARY
This offering presents a fully occupied ±15,000 square foot multi-tenant retail strip center located at the intersections of Theodore Street, Prairie Avenue,
and Raynor Avenue in Crest Hill, Illinois. There are two parcels, totaling +/- 1 Acre and features strong, local (Amazon proof) tenants, long-term leases with annual increases, and immediate in-place cash flow, making it an attractive investment opportunity. This Deal is being offered at an aggressive 8.5% capitalization rate. All lease terms and financials available upon NDA execution.
and Raynor Avenue in Crest Hill, Illinois. There are two parcels, totaling +/- 1 Acre and features strong, local (Amazon proof) tenants, long-term leases with annual increases, and immediate in-place cash flow, making it an attractive investment opportunity. This Deal is being offered at an aggressive 8.5% capitalization rate. All lease terms and financials available upon NDA execution.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$2,032,000
Price Per SF
$135.47
Cap Rate
8.50%
NOI
$172,793
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.00 AC
Zoning
B - 1 - NEIGHBORHOOD BUSSINESS/RETAIL
Parking
63 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
300’ on THEODORE STREET
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- AXO Brands
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Carniceria Flores Grocery Store
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Estillos Hair Salon
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Greg Smutnak Barber
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Marchellonis Pizza
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- My Waffle Restaurant
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| AXO Brands | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Carniceria Flores Grocery Store | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Estillos Hair Salon | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Greg Smutnak Barber | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Marchellonis Pizza | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| My Waffle Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $235,751 | |
| Land Assessment | $67,883 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $167,868 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$67,883
Improvements Assessment
$167,868
Total Assessment
$235,751
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
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Presented by
Harris Investments LLC
Theodore Plaza | 800 Theodore
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