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

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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
  • 840
  • 2,019 SF
  • Office/Retail
  • -
  • Now

Currently has retail/show area in front and cubicles in back, 2 restrooms, kitchen.

  • 848
  • 996 SF
  • Office/Retail
  • -
  • Now

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

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.

848

Size 996 SF
Space Use Office/Retail
Position -
Available Now

Great office suite with reception area and private office; carpeted.

Property Taxes

Property Taxes

Parcel Number
03-15-211-035-0000
Land Assessment
$217,485
Improvements Assessment
$180,265
Total Assessment
$397,750
  • Listing ID: 34047127

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 820 Wheeling Rd, Wheeling, IL 60090

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