541 University Pkwy, University Park, IL 60484

Building Details

Year Built 1900 More

Buildings 1 More

Listing Agency: Infiniti Properties, Inc.

Listed By: Ned Malley · License #471007341 Show Phone

Source: Amyboston.realtopiare

Added: Sep 22 Changed: Oct 25 Last Checked: Oct 7 at 2:07PM

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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 Infiniti Properties, Inc.

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Investment Insights

Based on property information with market context.

The 2,115-square-foot property includes a convenience store and liquor store alongside a restaurant setup. Restaurant features include a commercial kitchen, a large walk-in refrigerator, and a checkout counter. The property is offered with the business and occupies a 6.5-acre lot; extensive parking is also available. The building dates to 1900.

Key Highlights

• 2,115‑square‑foot convenience and liquor store property with restaurant
• 6.5‑acre lot
• Commercial kitchen and large walk‑in refrigerator

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,273

Cap Rate

4.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$505,460 $505.5K

Cap Rate 7%

$361,043 $361.0K

Cap Rate 9%

$280,811 $280.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,115 SF

Gross rent

$36.0K $17.04/SF

− Vacancy

−$2.3K −$1.11/SF

EGI

$33.7K $15.93/SF

− OpEx

−$8.4K −$3.98/SF

NOI

$25.3K $11.95/SF

Area

Will County, IL

Vacancy

6.50%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$505,460

Cap Rate 7%

$361,043

Cap Rate 9%

$280,811

Alternative Uses

Best Use

Specialty Retail

$361.0K

$315.9K – $421.2K (±1% cap)

NOI $25,273 @ 7.0% cap · market cap 4.21%

Second Best

Retail

$285.5K

$249.8K – $333.1K (±1% cap)

NOI $19,987 @ 7.0% cap · market cap 3.33%

Theoretical Best

Office A

$479.7K

$419.7K – $559.6K (±1% cap)

NOI $33,578 @ 7.0% cap · market cap 5.60%

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

University Parkway Food ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Spa & Massage Center Dental Office Nail Salon Electrical Service Building Supply Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

172

Businesses Nearby

23k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Speedway Shops & Services

5,790 visits/mo 0.2 miles

Dollar General Shops & Services

5,118 visits/mo 0.1 miles

BP Shops & Services

5,083 visits/mo 0.2 miles

Family Dollar Shops & Services

3,641 visits/mo 0.4 miles

7-Eleven Shops & Services

3,090 visits/mo 0.2 miles

Demographics for 60484, IL

6,761

Population

2,410

Households

2.8

Avg Household Size

31

Median Age

25%

College-Educated

94%

High-School Grad

7.5 sq mi

ZIP Area

901

Density / Sq Mi

$64,295

Median Household Income

$35,309

Median Earnings

$1,534

Median Rent

$140,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The property combines retail operations with a restaurant setup, commercial kitchen, and on-site parking.

Where is this grocery and convenience store located?

The property is located at 541 University Pkwy University Park, IL.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: 2,115‑square‑foot convenience and liquor store property with restaurant; 6.5‑acre lot; Commercial kitchen and large walk‑in refrigerator