Portfolio Includes 2 separate commercial strip mall properties. Sale price listed is for both buildings! Motivated owner looking to move out of state. Will separate if necessary for the right offer.
Listed at an 8 Cap!
Building 1. 151 East Route 38 Elburn. Commercial Strip Center in Elburn Illinois. 8 commercial rental spaces. Excellent visibility and Route 38 Frontage. Generates GREAT Cash Flow! Built 2003. Building in excellent condition with no vacancy. Several Long term tenants. Excellent opportunity under replacement value. Major Traffic Generators include Walgreens and Jewel anchored shopping centers across the street and a McDonalds right next store (Shared entry drive). Sprinkled Building. Perfectly situated just off the high traffic corner of routes 38/47 and on the main route to the Elburn train station! Excellent high income 1/5/10 demographics! 10,439 sq ft, 1.17 Ac, 66 Parking Spots!
Building 2. 850 Pappas Drive DeKalb. 4 unit Commercial Strip Center just blocks away from Northern IL University Campus in the "Greek Row" Neighborhood with one of the highest density residential tenancies in all of DeKalb. Currently Fully Leased. National Anchor. Long term tenants benefit from high traffic Annie Glidden Rd frontage. Low expenses and very well maintained. Built 1999. 8200 sq ft, 1.25 Ac, 80 Parking Spaces!
Both properties are well maintained and recently had new GACO Liquid Roofs Installed. Significant capital investment has been put into all 3 buildings over past 3-4 years. Additional information, list of upgrades, offering memos, and financials for each property/entire portfolio available upon request.
2% Broker Co-Op offered on Closed Transactions!
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