Retail Center with Long-Term
For Sale
Contact for pricing
701-722 N McLean Blvd, South Elgin, IL 60177
Four commercial tenants occupy the center under NNN and gross lease structures with options and escalations.
Property SizeContact for details
Days on Market144
Property Features for 701-722 N McLean Blvd
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Multi
Listing Agency:
RVG Commercial Real Estate
Listed By:
Adam Katz · License #IL 475.154744
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 5:30PM
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 RVG Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail center contains four commercial tenancies supported by long-term lease arrangements. Three tenants operate under NNN leases, while the remaining tenancy is structured as a gross lease. Lease options and escalations are included in the agreements.
The property is located at 701-722 N. McLean Blvd in South Elgin, Illinois. Heritage Woods Assisted Living Center is directly opposite the center, with substantial residential development across McLean Blvd.
The property is located at 701-722 N. McLean Blvd in South Elgin, Illinois. Heritage Woods Assisted Living Center is directly opposite the center, with substantial residential development across McLean Blvd.
Key Highlights
- Four commercial tenants across the retail center
- Three tenants occupy under NNN lease structures
- One tenancy is subject to a gross lease
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 37%
Dining 6%
Butera Market
Groceries
15,851 visits/mo
0.3 miles
goodstop by Casey's
Shops & Services
9,065 visits/mo
0.2 miles
SUBWAY
Dining
1,623 visits/mo
0.2 miles
Valvoline Instant Oil Change
Shops & Services
1,185 visits/mo
0.3 miles
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
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 commercial tenants occupy the center under NNN and gross lease structures with options and escalations.
Where is this shopping center located?
The property is located at 701-722 N McLean Blvd South Elgin, IL.
What are key features of this property?
This property features: Four commercial tenants across the retail center; Three tenants occupy under NNN lease structures; One tenancy is subject to a gross lease
