Multi-Tenant Retail
For Sale
$2,793,252
48-98 Schoolhouse Rd, Yorkville, IL 60560
Four occupants span fitness, dining, personal care and mattress retail, with leases extending as late as 2039.
Property Size14,916 SF
Lot Size1.35 Acres
Price / SF$187.27
Days on Market8
Property Features for 48-98 Schoolhouse Rd
General Information
Standard status
Active
Size
14,916 SF
Total Parking Spaces
49
Lot size
1.35 Acres
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$216,477
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Anytime Fitness
Additional Details
Sprinkler System
Yes
Building Details
Year Built
2008
Stories
1
Tenancy
Multi
Listing Agency:
@properties Commercial
Listed By:
Dakota Nilson · License #IL475193738
(312) 337-0200
Source:
Searchillinoishomesforsale
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:59PM
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 @properties Commercial
Investment Insights
Based on property information with market context.
This single-story retail center contains 14,916 SF across four tenant spaces on a 1.35-acre site. The tenant mix includes fitness, restaurant, personal care and mattress retail. Anytime Fitness occupies 5,916 SF and has a lease through June 30, 2037, with one 5-year renewal option. Southern Belle's Pancake House & Restaurant is leased through April 30, 2039. LA Tan's lease runs through August 2028, while Verlo Mattress is leased through October 2028 and has three 3-year renewal options. Three tenants have been in place since 2008 or earlier. The building was constructed in 2007 according to the public remarks, but the record also lists 2008 as the year built; the conflicting year is omitted. Roof repairs were completed within the past 5 years, and tenants maintain their own unit interiors and HVAC equipment.
The property sits at the corner of Route 47 and Route 126 (E Schoolhouse Rd), with approximately 262 feet of Route 47 frontage. The sale includes approximately 49 parking spaces; approximately 29 additional spaces are in the adjacent Scooter's Coffee lot, whose building and lot are excluded. Nearby retailers include Walmart, Jewel-Osco, Menards, Home Depot, Starbucks, McDonald's, Walgreens, Culver's and Dunkin'.
The property sits at the corner of Route 47 and Route 126 (E Schoolhouse Rd), with approximately 262 feet of Route 47 frontage. The sale includes approximately 49 parking spaces; approximately 29 additional spaces are in the adjacent Scooter's Coffee lot, whose building and lot are excluded. Nearby retailers include Walmart, Jewel-Osco, Menards, Home Depot, Starbucks, McDonald's, Walgreens, Culver's and Dunkin'.
Key Highlights
- 14,916 SF multi‑tenant retail center on a 1.35‑acre site
- Approximately 262 feet of frontage on Route 47, at Route 47 and Route 126 (E Schoolhouse Rd)
- Anytime Fitness occupies 5,916 SF and is leased through June 30, 2037, with one 5‑year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,694
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,993,880
$5.0M
Cap Rate 7%
$3,567,057
$3.6M
Cap Rate 9%
$2,774,378
$2.8M
Market Conditions
NOI Build-Up for 14,916 SF
Gross rent
$358.0K $24.00/SF
− Vacancy
−$25.1K −$1.68/SF
EGI
$332.9K $22.32/SF
− OpEx
−$83.2K −$5.58/SF
NOI
$249.7K $16.74/SF
Area
Kendall County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,993,880
Cap Rate 7%
$3,567,057
Cap Rate 9%
$2,774,378
Alternative Uses
Best Use
Specialty Retail
$3.57M
$3.12M – $4.16M
NOI $249,694 @ 7.0% cap · market cap 8.94%
Second Best
Retail
$2.96M
$2.59M – $3.45M
NOI $207,036 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$5.15M
$4.51M – $6.01M
NOI $360,487 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 28%
Beauty & Spa 4%
Speedway
Shops & Services
6,950 visits/mo
0.5 miles
Scooter's Coffee
Dining
4,395 visits/mo
0.1 miles
Corner Liquor & Grocery
Shops & Services
2,082 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
890 visits/mo
0.2 miles
LA Tan
Beauty & Spa
611 visits/mo
0.1 miles
Demographics for 60560, IL
27,185
Population
10,022
Households
2.7
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
79.4 sq mi
ZIP Area
342
Density / Sq Mi
$112,160
Median Household Income
$58,706
Median Earnings
$1,626
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Four occupants span fitness, dining, personal care and mattress retail, with leases extending as late as 2039.
Where is this shopping center located?
The property is located at 48-98 Schoolhouse Rd Yorkville, IL.
What is the asking price?
The asking price for this property is $2,793,252.
What are key features of this property?
This property features: 14,916 SF multi‑tenant retail center on a 1.35‑acre site; Approximately 262 feet of frontage on Route 47, at Route 47 and Route 126 (E Schoolhouse Rd); Anytime Fitness occupies 5,916 SF and is leased through June 30, 2037, with one 5‑year renewal option
