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1877 N Neltnor Blvd W Chicago, IL

For Sale
$14,205,000

Income-producing retail center with long-term leases and attractive rent increases.

Property size:
100,242 SF
Lot size:
13.52 Acres

Property Features for 1877 N Neltnor Blvd W

General Information

Size
100,242 SF
Lot size
13.52 Acres

Source: Northmarq | Chicago (East Wacker Dr) Agent BJ Feller

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Redeveloped Retail Center with Upside

This stabilized, income-producing investment property is a recently redeveloped retail center. The property is 98.60% occupied and features attractive rent increases and long-term anchor leases. Located in Dupage County within the Chicago MSA, the area boasts strong, affluent demographics, including a 5-mile population of over 134,000 and an average household income of $149,000. The property also benefits from being in a desirable, property tax-friendly county. Adjacent to the center is a buildable lot, offering the potential for up to 45,000 square feet of retail, self-storage, or residential development, subject to municipal approval. Additionally, there is a 20,000 square foot buildable lot adjacent to Old Time Pottery. The property has below-market rents.
Location Intelligence

Current Use by Public Records

Commercial land

Similar Places Nearby

Tower Station

Map

City
Chicago
County
Cook
State
Illinois
Longitude
-87.6531805
Latitude
41.9007097

FAQs

What type of property is this?
Shopping center - Income-producing retail center with long-term leases and attractive rent increases.
Where is this shopping center located?
The property is located at 1877 N Neltnor Blvd W Chicago, IL.
What is the asking price?
The asking price for this property is $14,205,000.
What are key features of this property?
This property features: - Stabilized, Income-Producing Investment | **98.60% Occupied, Recent Redevelopment**; - Dupage County (Chicago MSA) | Strong, Affluent Demographics: 134K+ 5-mile Population, $149K Avg HHI; - Long-Term Anchor Leases
More about this property
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