$ 1,939,000
-
$1,939,000
Price -
0
Bed -
0
Bath -
15,000
SqFt
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About the Listing 29095 - 238501
Ellsbury Group is pleased to present Theodore Plaza, a 15,000 SF grocery-anchored multi-tenant retail center in Crest Hill, Illinois. Offered at $1,939,000 - an 8.49% in-place cap rate rising to 9.24% upon lease-up of the final 634 SF suite, roughly $130 per square foot and below replacement cost. The center is approximately 95.7% leased to five established, necessity-based tenants: anchor Carniceria Flores (grocery and meat market), My Waffle family restaurant, Marchelloni's Pizza, Estillo's Hair Salon, and AXO Brands apparel printing. In-place NOI is $164,670, increasing to a stabilized $179,070 on lease-up of the one remaining suite. Positioned at the NWC of Theodore Street and Raynor Avenue with ~23,000 vehicles per day, pylon signage and more than 50 surface parking spaces, the property draws from a dense, growing infill trade area - Crest Hill's population is up 51.7% since 2000, minutes from I-80, US-30 and IL-53. A stable, well-located retail investment with a defined value-add path. Offered as-is; certified rent roll and income/expense statement available upon request.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Commercial Sale
MLS ®
12677524
Year Built
1960
Total Square Footage
15,000
Lot/Acreage
0.77
County
Will
Area
Crest Hill
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central Heat/Indiv Controls,Electric,Forced Air,Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Community Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 255' X 131
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $19,414
- Taxes w/Assessments: N/A
- Tax/Property ID: 1104324210320000
- Tax Year: 2025
Payment Calculator
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Questions About..
800 Theodore St Crest Hill, IL 60403
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