Shadow-Anchored Retail
1500 Douglas Road, Oswego, IL 60543
For Sale
New
Contact for pricing
All tenants operate under NNN leases, and corporate guarantees cover approximately 55% of the gross leasable area.
Property Size18,632 SF
Price / SF$421.32
Days on Market6
Property Features for 1500 Douglas Road
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Anchor Co-Tenants
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Prime Equities Corp
Listed By:
Tara Mathew · License #IL 471.010016
(847) 980-7267
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:33PM
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 Prime Equities Corp
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Investment Insights
Based on property information with market context.
Oswego Crossings is an 18,632-square-foot retail center shadow-anchored by Meijer. The property is 100% occupied, with all tenants operating under NNN leases. Its tenant roster includes Buffalo Wild Wings, Crumbl, Bank of America, For Eyes, Orangetheory, Stretch Club and a medspa. Corporate guarantees cover approximately 55% of the gross leasable area.
The center sits at a signalized intersection along the U.S. Route 34 retail corridor in Oswego, Illinois. Target, Walmart, Meijer and Home Depot are among the national retailers in the surrounding area. The retail centers in this corridor collectively draw approximately 19 million visits annually.
The center sits at a signalized intersection along the U.S. Route 34 retail corridor in Oswego, Illinois. Target, Walmart, Meijer and Home Depot are among the national retailers in the surrounding area. The retail centers in this corridor collectively draw approximately 19 million visits annually.
Key Highlights
- 18,632‑square‑foot retail center
- 100% occupied; all tenants operate under NNN leases
- Corporate guarantees cover approximately 55% of gross leasable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,066
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,241,320
$5.2M
Cap Rate 7%
$3,743,800
$3.7M
Cap Rate 9%
$2,911,844
$2.9M
Market Conditions
NOI Build-Up for 18,632 SF
Gross rent
$409.2K $21.96/SF
− Vacancy
−$34.8K −$1.87/SF
EGI
$374.4K $20.09/SF
− OpEx
−$112.3K −$6.03/SF
NOI
$262.1K $14.07/SF
Area
Kendall County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,241,320
Cap Rate 7%
$3,743,800
Cap Rate 9%
$2,911,844
Alternative Uses
Best Use
Retail
$3.74M
$3.28M – $4.37M
NOI $262,066 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.08M
$4.45M – $5.93M
NOI $355,638 @ 7.0% cap · market cap 4.53%
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60543, IL
40,299
Population
14,327
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
41.9 sq mi
ZIP Area
962
Density / Sq Mi
$116,507
Median Household Income
$54,783
Median Earnings
$1,558
Median Rent
$319,300
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
- Kirbys R US — 2870 US-34, Oswego, IL 60543
- Kirlin Hallmark — 1490 douglas rd, oswego, il 60543
- Gerry Centennial Plaza — 1720 Douglas Rd, Oswego, IL 60543
- Quick-Tag — meijer 2700, US-34, Oswego, IL 60543
Frequently Asked Questions
What type of property is this?
Shopping center - All tenants operate under NNN leases, and corporate guarantees cover approximately 55% of the gross leasable area.
Where is this shopping center located?
The property is located at 1500 Douglas Road Oswego, IL.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: 18,632‑square‑foot retail center; 100% occupied; all tenants operate under NNN leases; Corporate guarantees cover approximately 55% of gross leasable area
