Retail Center on Commuter
For Sale
Contact for pricing
1021 FOUNTAIN VIEW DR, Carol Stream, IL 60188
Shopping center built in 2006 with three access points and visibility along W Lies Road.
Property Size14,755 SF
Lot Size3.27 Acres
Price / SF$253.54
Days on Market202
Property Features for 1021 FOUNTAIN VIEW DR
General Information
Standard status
Active
Size
14,755 SF
Total Parking Spaces
170
Lot size
3.27 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Stabilized
Net Operating Income
$280,558
Additional Details
Road Access
Yes
Building Details
Year Built
2006
Units
4
Tenancy
Multi
Listing Agency:
Greenstone Partners
Listed By:
Brewster Hague · License #IL 475.165689
(312) 614-1498
Source:
Crexi
Added: Apr 11
Changed: Oct 28
Last Checked: Oct 28 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenstone Partners
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Investment Insights
Based on property information with market context.
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase The Fountains at Town Center, a retail shopping center constructed in 2006. The center offers 27,050 square feet of gross leasable area on a 3.27-acre parcel and is currently 92.07% leased to a mix of nine tenants. The property is positioned as a local-serving retail destination for area residents.
The Fountains at Town Center is highly visible along W Lies Road, described as a primary commuter corridor. The center is located approximately 500 feet from the signalized intersection with N Gary Avenue and features three points of access from the roadway.
For buyers seeking a retail asset with existing tenant occupancy, this property provides a developed retail setting on a large parcel with established leasing in place.
The Fountains at Town Center is highly visible along W Lies Road, described as a primary commuter corridor. The center is located approximately 500 feet from the signalized intersection with N Gary Avenue and features three points of access from the roadway.
For buyers seeking a retail asset with existing tenant occupancy, this property provides a developed retail setting on a large parcel with established leasing in place.
Key Highlights
- Retail center at 1021 Fountain View Drive, Carol Springs, IL, originally constructed in 2006
- 27,050 SF gross leasable area on a 3.27‑acre parcel
- 92.07% leased to 9 tenants with a complimentary mix serving local residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,802
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,096,040
$4.1M
Cap Rate 7%
$2,925,743
$2.9M
Cap Rate 9%
$2,275,578
$2.3M
Market Conditions
NOI Build-Up for 14,755 SF
Gross rent
$318.7K $21.60/SF
− Vacancy
−$26.1K −$1.77/SF
EGI
$292.6K $19.83/SF
− OpEx
−$87.8K −$5.95/SF
NOI
$204.8K $13.88/SF
Area
DuPage County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,096,040
Cap Rate 7%
$2,925,743
Cap Rate 9%
$2,275,578
Alternative Uses
Best Use
Retail
$2.93M
$2.56M – $3.41M
NOI $204,802 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.09M
$4.46M – $5.94M
NOI $356,596 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
43k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Apparel 42%
Dining 6%
Hotels & Casinos 2%
Zips Car Wash
Shops & Services
21,182 visits/mo
0.5 miles
Savers Thrift Store
Apparel
17,851 visits/mo
0.4 miles
SUBWAY
Dining
2,139 visits/mo
0.4 miles
WoodSpring Suites Carol Stream
Hotels & Casinos
1,031 visits/mo
0.3 miles
Ray's Pizza
Dining
526 visits/mo
0.5 miles
Demographics for 60188, IL
43,053
Population
15,710
Households
2.7
Avg Household Size
39
Median Age
44%
College-Educated
90%
High-School Grad
10.1 sq mi
ZIP Area
4,263
Density / Sq Mi
$107,560
Median Household Income
$47,343
Median Earnings
$1,465
Median Rent
$311,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Comparable #1 — 1175 N Gary Ave, Carol Stream, IL 60188
- Cabinets & Granite Direct — 1175 N Gary Ave, Carol Stream, IL 60188
- Painted Tree Boutiques - Bloomingdale — 368 W Army Trail Rd, Bloomingdale, IL 60108
- Bloomingdale Square — 398 Army Trail Rd, Bloomingdale, IL 60108
- Bloomingdale Court — 364 W Army Trail Rd Ste 270, Bloomingdale, IL 60108
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center built in 2006 with three access points and visibility along W Lies Road.
Where is this shopping center located?
The property is located at 1021 FOUNTAIN VIEW DR Carol Stream, IL.
What is the asking price?
The asking price for this property is $3,741,000.
What are key features of this property?
This property features: Retail center at 1021 Fountain View Drive, Carol Springs, IL, originally constructed in 2006; 27,050 SF gross leasable area on a 3.27‑acre parcel; 92.07% leased to 9 tenants with a complimentary mix serving local residents
