12,676 SF RETAIL CENTER FOR SALE 4,297 SF VACANT …images4.loopnet.com/d2/dvpKMX3BpBO3iMNNcYAKeyDXfWDdhWDdhkANQcDOcn4/... · 12,676 SF RETAIL CENTER FOR SALE 4,297 SF VACANT FOR

Prepared by:

Randy OlczykDirect: [email protected]

12,676 SF RETAIL CENTER FOR SALE 4,297 SF VACANT FOR A USER/INVESTOR

3409-3487 Kirchoff rd | rolling Meadows, il

For Sale: 12,676 SF StoreFront retail Center

$1,495,000

3409-3487 KirChoFF rd - riverwalK Center, rolling MeadowS, il

leasing

sales

TenanT advisory

ManageMenT

...........

........

.........................

...................

www.chicagolandcommercial.com

PHOTOGRAPHS

For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 1

leasing

sales

TenanT advisory

ManageMenT

...........

........

.........................

...................

www.chicagolandcommercial.com

PHOTOGRAPHS

For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 2

leasing

sales

TenanT advisory

ManageMenT

...........

........

.........................

...................

www.chicagolandcommercial.com For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 3

SUBJECT PROPERTY HIGHLIGHTS

• Retail Center with Upscale Condominium Development Above

• Great Location at Kirchoff Rd. & Rt. 53

• Excellent Exposure and Visibility on Kirchoff Rd.

• Adjacent to Village Hall and Library

• 30 Covered Parking Spaces are Available; 20 Free Surface Spaces are Available

• Great Mix of Medical & Retail Tenants

• High Quality Construction

• Built in 2004

• 9 Tenant Building with Sizes Ranging from 537-2,100 SF

• Ideal for User/Investor

• Existing Gross Income of $194,541 per Year

• Assumable Financing In-Place -4.5 % Interest Rate -Expires 2017 or Sooner if Needed

• 4,297 SF Available for a User/Investor

leasing

sales

TenanT advisory

ManageMenT

...........

........

.........................

...................

www.chicagolandcommercial.com

DESCRIPTION

Cook County ProPerty:

Building tyPe:

year Built:

Size:

Current VaCanCy:

lot Size:

Parking:

2015 real eState taxeS:

2015 oPerating exPenSeS:

exiSting groSS inCome:

3409-3487 KirchoffRolling Meadows, IL 60004

Retail/Residential

2004

12,676 SF (67% Leased)

4,297 SF

0.35 Acres

30 Covered Spaces; 20 Free Surface SpacesRatio 3.94/1000 SF

$73,837 ($5.82 psf)

$44, 366 ($3.50 psf)

$194,541 per year

$949,000 ($45.19 Psf)

Sales Price: $1, 495,000 ($117.94 PSF)

For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 4

*ASSUMABLE FINANCING IN-PLACE -4.5% INTEREST RATE -EXPIRES 2017 OR SOONER IF NEEDED

leasing

sales

TenanT advisory

ManageMenT

...........

........

.........................

...................

www.chicagolandcommercial.comFor Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 5

Tenant Address Square Footage Expiration Date Monthly Rent

State Farm Insurance Ken Bobbe 3409-H 2,039 12/31/16

Jemma Marie Salon Mary Licardi 3421-G 1,123 2/28/15

Family Doctor, Ltd. Dr. Ruhi Aski 3433-F 1,327 5/31/17

Vacant 3445-E 1,860 Month/Month

Rolling Meadows Shoe Repair Alexander Lipovetsky 3451-D 537 1/31/19

Vacant 3457-D 1,328

Ghassan Souri, DDS 3469-C 1,306 4/30/20

Vacant 3475-B 1,109

Dr. John Engstrom - Eye Care 3487-A 2,047 Month/Month

Total SF 12,676

Occupied 8,379

Vacant 4,297 SF- Available for a User/Investor

Current Annual Gross Income: $194,541

(2015) Annual Real EstateTaxes: $73,837

Operating Expenses $44,366

Existing Net Income = $76,338 with 2,347 SF vacant

Pro-forma Income 2,347 SF x $22 PSF= $51,634

Pro-forma Income: $127,972 (at 100% Occupancy)

Pro-Forma Cap Rate: 8.02%

RENT ROLL

leasing

sales

TenanT advisory

ManageMenT

...........

........

.........................

...................

www.chicagolandcommercial.com

LOCATION MAPS

For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 6

leasing

sales

TenanT advisory

ManageMenT

...........

........

.........................

...................

www.chicagolandcommercial.com

LOCATION AERIAL

For Sale: 3409-3487 KirchoFF rd rolling MeadowS, il | 7