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George Spirrison
Principle
Direct Phone:
(630) 455-4495
Cell Phone:
(630) 455-4495
E Mail:
george@adelphiaproperties.com
Fax:
License:
ADELPHIA PROPERTIES
1314 Kensington Rd. #4974
Oak Brook, IL 60523
PROPERTY DETAILS
RIVER ROAD AUTO CENTER | 9.52% CAP
480 South River Road
Des Plaines, IL 60016
Purchase Price
$735,000
Property Type
Retail
Cap Rate
 
Rentable Square Feet
0
Total Tenants
1
Price Per Square Foot
PROPERTY DESCRIPTION
• 100% Leased Automotive Retail Center • Internet Proof Tenant Line-Up • Investment Opportunity in Stable Market w/ Growth Potential • High-Profile Heavily Traveled Retail Location • Located on Hot River Road Retail Corridor along all the Major Retailers w/in the Heart of Downtown Busy Des Plaines Area • Situated on the Hard Corner Stoplight Intersection of River Rd, Lee Rd & Elk Blvd • Outstanding Frontage, High Visibility, & Accessibility • Retail Investment Property in Prime Suburban Chicagoland Market • Located Across from McDonald's • Upscale Community w/ Strong Outstanding Demos • Over 312,933 People Living Within 5 Mile Radius • Average Annual Household Income in Excess of $108,579 • Dense Area | Within 5 Miles Daytime Population of 395,533 • In the Vicinity of Metropolitan Square (100,000 SF Retail & 142 Luxury Condos), Ample Restaurants, Entertainment Venues, Metra Station, Rivers Casino, & I-294 • Robust Traffic Counts at your Footsteps | 40,700+ VPD • Outstanding Hard Corner for Future Redevelopment • Priced to Move @ Well-Below Replacement Cost!!! • 9.52% Cap Rate!!!
MARKET ANALYSIS