Windfall Plaza Shopping
For Sale
Contact for pricing
1175-1231 North Gary Avenue, Carol Stream, IL 60188
Established retail center with two anchors, net lease structures, and access from Gary Avenue.
Property SizeContact for details
Days on Market145
Property Features for 1175-1231 North Gary Avenue
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Savers, CGD
Traffic Count
60,000 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
9%
Building Details
Tenancy
Multi
Listing Agency:
Greenstone Partners
(312) 234-0371
Listed By:
Jason St. John · License #IL 475142612
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 3:46AM
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
Investment Insights
Based on property information with market context.
Windfall Plaza is a shopping center at 1175-1231 North Gary Avenue in Carol Stream, Illinois. The property includes two anchor tenants, Savers and CGD, with CGD committed under a new 10-year lease. The tenant mix is primarily food, service, and medical-oriented businesses, and all but one tenant occupy net lease structures; the remaining lease is modified gross with a base-year stop.
Ownership has completed capital projects since 2012 involving the roof, façade, parking lot, demising, HVAC, and other building components. The center offers two ingress and egress points, including access at the signalized Stark Drive and Gary Avenue intersection. Gary Avenue is just south of Army Trail Road, where the intersection handles nearly 60,000 vehicles per day.
The property sits within an established retail corridor near national retailers including Walmart, Woodman’s, TJ Maxx, Dick’s Sporting Goods, Old Navy, Michaels, Chick-fil-A, Starbucks, Chipotle, and Aldi. The five-mile area includes more than 250,000 residents and average household incomes near $105,000.
Ownership has completed capital projects since 2012 involving the roof, façade, parking lot, demising, HVAC, and other building components. The center offers two ingress and egress points, including access at the signalized Stark Drive and Gary Avenue intersection. Gary Avenue is just south of Army Trail Road, where the intersection handles nearly 60,000 vehicles per day.
The property sits within an established retail corridor near national retailers including Walmart, Woodman’s, TJ Maxx, Dick’s Sporting Goods, Old Navy, Michaels, Chick-fil-A, Starbucks, Chipotle, and Aldi. The five-mile area includes more than 250,000 residents and average household incomes near $105,000.
Key Highlights
- 9.00% going‑in cap rate with 13%+ cash‑on‑cash returns
- 7+ years of weighted average remaining lease term
- Two anchors: Savers and CGD; CGD signed a new 10‑year lease
Property Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
350k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Apparel 32%
Shops & Services 31%
Hotels & Casinos 1%
Five Below
Shops & Services
43,397 visits/mo
0.4 miles
Ross Dress for Less
Apparel
38,745 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
38,477 visits/mo
0.5 miles
Macy's
Apparel
26,978 visits/mo
0.5 miles
Zips Car Wash
Shops & Services
21,182 visits/mo
0.0 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
Market
Vacancy Rate% for Retail in Midwest region
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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
- Sunglass Hut at Macy's — 344 Army Trail Rd, Bloomingdale, IL 60108
- Painted Tree Boutiques - Bloomingdale — 368 W Army Trail Rd, Bloomingdale, IL 60108
- Bloomingdale Square — 398 Army Trail Rd, Bloomingdale, IL 60108
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with two anchors, net lease structures, and access from Gary Avenue.
Where is this shopping center located?
The property is located at 1175-1231 North Gary Avenue Carol Stream, IL.
What are key features of this property?
This property features: 9.00% going‑in cap rate with 13%+ cash‑on‑cash returns; 7+ years of weighted average remaining lease term; Two anchors: Savers and CGD; CGD signed a new 10‑year lease
