Early Learning Facility
For Sale
Contact for pricing
4700 Commonwealth Ave, Western Springs, IL 60558
Single-tenant early learning facility offered as a fee simple interest under a 15-year NNN lease.
Property Size18,000 SF
Lot Size1.97 Acres
Days on Market121
Property Features for 4700 Commonwealth Ave
General Information
Standard status
Active
Size
18,000 SF
Lot size
1.97 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 7:16PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The property is a ±18,000-square-foot early learning facility on a 1.97-acre parcel. It is leased to Bright Horizons and is offered for sale as a 100% fee simple interest. The lease is structured as a NNN arrangement with a 15-year term and 9 years and 7 months remaining.
Bright Horizons has three five-year renewal options, which permit it to occupy the property until 2045. The lease includes annual rent increases equal to the lesser of 2.5% or three times the CPI increase, and this rent escalation applies throughout the base term and all three options.
For investors seeking an income-focused retail alternative centered on an early learning use, the property’s single-tenant, NNN lease provides the framework for long-term occupancy through the renewal periods.
Bright Horizons has three five-year renewal options, which permit it to occupy the property until 2045. The lease includes annual rent increases equal to the lesser of 2.5% or three times the CPI increase, and this rent escalation applies throughout the base term and all three options.
For investors seeking an income-focused retail alternative centered on an early learning use, the property’s single-tenant, NNN lease provides the framework for long-term occupancy through the renewal periods.
Key Highlights
- ±18,000 SF single‑tenant early learning facility on a 1.97‑acre parcel in Western Springs, IL
- Offered as 100% fee simple interest
- Bright Horizons operates under a 15‑year NNN lease with 9 years and 7 months remaining
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60558, IL
13,629
Population
4,568
Households
3
Avg Household Size
41
Median Age
82%
College-Educated
99%
High-School Grad
2.8 sq mi
ZIP Area
4,868
Density / Sq Mi
$218,839
Median Household Income
$96,500
Median Earnings
$1,932
Median Rent
$691,300
Median Home Value
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Similar Off Market Nearby
- Grand Avenue Preschool & Daycare-Western Springs — 4211 Grand Ave, Western Springs, IL 60558
Frequently Asked Questions
What type of property is this?
Day care center - Single-tenant early learning facility offered as a fee simple interest under a 15-year NNN lease.
Where is this day care center located?
The property is located at 4700 Commonwealth Ave Western Springs, IL.
What are key features of this property?
This property features: ±18,000 SF single‑tenant early learning facility on a 1.97‑acre parcel in Western Springs, IL; Offered as 100% fee simple interest; Bright Horizons operates under a 15‑year NNN lease with 9 years and 7 months remaining
