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First Colonial Commons 820 Wheeling Rd 13,032 SF 77% Leased Retail Building Wheeling, IL 60090 For Sale



Investment Highlights
- Significant Upside Potential
- Strategic Location
- High Traffic Counts
- Diverse, E-Commerce Resistant Investment
- Strong Demographics
Executive Summary
Pleased to present the exclusive opportunity to purchase the First Colonial Commons located at 820 S Wheeling Road in Wheeling, Illinois (the “Property”). The Plaza contains 13,032 square feet of gross leasable area on a 1.33-acre corner parcel. First Colonial Commons is comprised of nine (9) units and is 46.36% occupied by several e-commerce resistant tenants and a complimentary mix of local businesses offering products and services for the surrounding community. The plaza offers significant upside through the lease up of the 6,990 square feet of vacant space spread over four (4) units ranging in size from 979 square feet to 2,996 square feet. First Colonial Commons is well-located at the signalized intersection of W Hintz Road and Wheeling Road, two of the area’s primary commercial and commuter corridors. The Property features excellent visibility and frontage and includes three points of access and ample parking. First Colonial Commons is positioned on the perimeter of a large industrial and business park, which houses over 800 businesses and employs tens of thousands of workers. 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 and Metra Station). Wheeling is located approximately 25 miles northwest of Chicago’s Central Business District.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
13,032 SF
Building Class
B
Year Built
1988
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.33 AC
Parking
113 Spaces (8.67 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Currently has retail/show area in front and cubicles in back, 2 restrooms, kitchen.
Great office suite with reception area and private office; carpeted.
| Space | Size | Space Use | Position | Available |
| 840 | 2,019 SF | Office/Retail | - | Now |
| 848 | 996 SF | Office/Retail | - | Now |
840
| Size |
| 2,019 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
848
| Size |
| 996 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
840
| Size | 2,019 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Currently has retail/show area in front and cubicles in back, 2 restrooms, kitchen.
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
848
| Size | 996 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Great office suite with reception area and private office; carpeted.
Property Taxes
| Parcel Number | 03-15-211-035-0000 | Improvements Assessment | $180,265 |
| Land Assessment | $217,485 | Total Assessment | $397,750 |
Property Taxes
Parcel Number
03-15-211-035-0000
Land Assessment
$217,485
Improvements Assessment
$180,265
Total Assessment
$397,750
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
First Colonial Commons | 820 Wheeling Rd
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