Circle Center
25,397 SF | 100% Leased | Retail Building | Bloomingdale, IL 60108 | $4,880,000 ($192/SF) | 8.78% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,880,000
- Property Type
-
Retail
- Square Feet
- 25,397 SF
- Price / Square Foot
- $192
Listing Contacts
Chad Firsel
Verified Profile
Brett Berlin
Verified Profile
- Property Info
Property Overview
Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to offer for sale this 24,955 square-foot multi-tenant shopping center located at 185 E Lake St., Bloomingdale, IL. The property is currently 100% leased to a diverse mix of regional and local retailers. Most tenants are currently signed to landlord-favorable net leases with one tenant signed to a gross lease. The property features great visibility from Lake St., along with pylon signage and ample parking. The property also sits at the lighted intersection of Lake St. and Fairfield Way making this center extremely accessible.
The property is strategically located off Lake St., a major east/west retail thoroughfare, which sees over 42,844 VPD. The asset is also located 1.9 miles west of Interstate-355 that sees an additional 142,534 VPD. The property benefits from excellent demographics, with an average household income of more than $123,300 and a population of 82,538 within a 3-mile radius of the property. The property is surrounded by national retailers: Sam’s Club, Walmart, The Home Depot, Goodwill, Portillo’s, Dunkin’, Subway, and more.
The property is strategically located off Lake St., a major east/west retail thoroughfare, which sees over 42,844 VPD. The asset is also located 1.9 miles west of Interstate-355 that sees an additional 142,534 VPD. The property benefits from excellent demographics, with an average household income of more than $123,300 and a population of 82,538 within a 3-mile radius of the property. The property is surrounded by national retailers: Sam’s Club, Walmart, The Home Depot, Goodwill, Portillo’s, Dunkin’, Subway, and more.
Property Details
- Class
- B
- Year Built
- 1978
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 107,593 SF
Highlights
- Stabilized Investment Opportunity; 100% leased shopping center with minimal landlord responsibilities
- Mark to Market Rents; Significant room to push rents as leases roll and tenants expire
- Location, Location, Location! Bloomingdale is home to over 4 million SF of Retail and located in tax friendly DuPage County
- High Traffic Corridor; Great visibility from Lake St. (42,844 VPD) and located 1.9 miles west of Interstate-355 (142,534 VPD)
- Exceptional Demographics; Asset lies in a densely populated area with over 82,358 residents within 3-miles of the asset
- Retail Hot Spot; Surrounded by national retailers: Sam’s Club, Walmart, The Home Depot, Goodwill, Portillo’s, Dunkin’, Subway, and more
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