50-126 Skokie Blvd, Wilmette, IL 60091
35,307 SF | 100% Leased | Retail Building | Wilmette, IL 60091 | For Sale
For Sale
Active
- Property Type
-
Retail
- Square Feet
- 35,307 SF
Listing Contacts
Sean Sharko
Austin Weisenbeck
Property Overview
The shopping center, anchored by J.P. Morgan, boasts a unique blend of tenants primarily focused on service-based offerings that are resilient to online competition. Among its national tenants are ATI Physical Therapy, CycleBar, and Palm Beach Tan. Currently, it is 100% occupied, with a diverse mix of med-tail oriented tenants. Notably, 9 out of 14 tenants benefit from annual rental increases, while the longevity of occupancy is striking, with two tenants having remained since the building's inception in 1987, and six others occupying space for 19 years or more.
This prime location benefits from being situated just one block from the bustling Westfield Old Orchard Shopping Mall, a super-regional hub featuring upscale outdoor retail spaces housing renowned fashion brands, department stores, and restaurants. Noteworthy tenants at this neighboring mall include Nordstrom, Macy’s, Lululemon, Apple, The Hampton Social, Maggiano’s, Peloton, and The Cheesecake Factory, among others, attracting approximately 7.2 million visitors in the past 12 months, as per Placer.ai data.
Positioned at the heavily trafficked intersection of Skokie Boulevard and Old Glenview Road, the property witnesses a significant flow of traffic, with over 11,917 vehicles passing by daily. Additionally, its proximity to the major intersection of Skokie Boulevard and Old Orchard Road sees even higher traffic volume, with over 31,467 vehicles traversing the area daily.
The infrastructure of the property is well-maintained, evidenced by the recent replacement of the shingle roof, which is still under warranty. Its location in a densely populated and affluent area further adds to its appeal, with over 145,689 residents within a three-mile radius and an impressive average household income of $173,038. Moreover, the daytime population exceeds 26,000 individuals employed within a mere one-mile radius of the property.
Convenient accessibility is another highlight, with Interstate-94 just 1.1 miles away from the interchange, accommodating over 121,750 vehicles daily. Additionally, being only 1.4 miles from Edens Plaza offers strategic advantages, as this location will be the first to introduce the innovative retail concept of Wayfair, scheduled to open on May 23, 2024. Notable tenants in Edens Plaza also include The Fresh Market, Walgreens, and The Great Escape.
Adjacent to Mather Place, a senior living complex comprising 145 apartments, as well as additional condos; the property benefits from a built-in customer base in its immediate vicinity.
This prime location benefits from being situated just one block from the bustling Westfield Old Orchard Shopping Mall, a super-regional hub featuring upscale outdoor retail spaces housing renowned fashion brands, department stores, and restaurants. Noteworthy tenants at this neighboring mall include Nordstrom, Macy’s, Lululemon, Apple, The Hampton Social, Maggiano’s, Peloton, and The Cheesecake Factory, among others, attracting approximately 7.2 million visitors in the past 12 months, as per Placer.ai data.
Positioned at the heavily trafficked intersection of Skokie Boulevard and Old Glenview Road, the property witnesses a significant flow of traffic, with over 11,917 vehicles passing by daily. Additionally, its proximity to the major intersection of Skokie Boulevard and Old Orchard Road sees even higher traffic volume, with over 31,467 vehicles traversing the area daily.
The infrastructure of the property is well-maintained, evidenced by the recent replacement of the shingle roof, which is still under warranty. Its location in a densely populated and affluent area further adds to its appeal, with over 145,689 residents within a three-mile radius and an impressive average household income of $173,038. Moreover, the daytime population exceeds 26,000 individuals employed within a mere one-mile radius of the property.
Convenient accessibility is another highlight, with Interstate-94 just 1.1 miles away from the interchange, accommodating over 121,750 vehicles daily. Additionally, being only 1.4 miles from Edens Plaza offers strategic advantages, as this location will be the first to introduce the innovative retail concept of Wayfair, scheduled to open on May 23, 2024. Notable tenants in Edens Plaza also include The Fresh Market, Walgreens, and The Great Escape.
Adjacent to Mather Place, a senior living complex comprising 145 apartments, as well as additional condos; the property benefits from a built-in customer base in its immediate vicinity.
Property Details
- Class
- B
- Year Built
- 1987
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 108,900 SF
Highlights
- Shopping Center Anchored by J.P. Morgan | 100% Occupied | 9 of 14 Tenants have Annual Rental Increases
- High Barrier of Entry Market | One Block from Super Regional Westfield Old Orchard Shopping Mall
- Long-Term Tenancy | Two Tenants have Occupied Space Since the Opening of the Building in 1987
- Situated on the Heavily Traveled Intersection | 1.1 Mile from I-94 - 121,750 VPD
- Average Household Income of $173,038 Within Three Miles
- Over 145,689 People Live Within Three Miles of Subject Property
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