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Village Green Shopping Center 2 Retail Properties Offered at $18,500,000 in Park Ridge, IL
Investment Highlights
- DYNAMIC MIX OF SERVICE-ORIENTED TENANTS
- STABLE INCOME STREAM WITH LEASE STIPULATED GROWTH
- RECENT LEASING VELOCITY
- DESTINATION SUBURBAN DOWNTOWN
- DENSE & AFFLUENT NEAR NORTH DEMOGRAPHICS
- HIGH-TRAFFIC, VISIBLE LOCATION | PROXIMITY TO MAJOR HIGHWAY SYSTEMS
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Village Green Shopping Center, a 100% leased neighborhood center serving the highly affluent and dense infill Park Ridge area and surrounding near north suburbs of Chicago.
Property Facts
| Price | $18,500,000 | Number of Properties | 2 |
| Price / SF | $285.11 / SF | Individually For Sale | 0 |
| Cap Rate | 7.60% | Total Building Size | 64,888 SF |
| Sale Type | Investment | Total Land Area | 11.37 AC |
| Status | Active |
| Price | $18,500,000 |
| Price / SF | $285.11 / SF |
| Cap Rate | 7.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 64,888 SF |
| Total Land Area | 11.37 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Village Green Shopping Center
545-575 Busse Hwy, Park Ridge, IL 60068 |
Retail | 42,646 SF | 1960 | - |
|
650 N Northwest Hwy
648-678 N Northwest Hwy, Park Ridge, IL 60068 |
Retail | 22,242 SF | - | - |
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Village Green Shopping Center
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