Single-Tenant Pita Pit
For Sale
Contact for pricing
8638 North 2nd Street, Machesney Park, IL 61115
Pita Pit occupies the freestanding building under a 10-year agreement offering three additional five-year terms.
Property Size2,310 SF
Days on Market143
Property Features for 8638 North 2nd Street
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Practice Velocity, Burlington Coat Factory
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Atlantic Retail West Palm Beach
Listed By:
Zack Hilgendorf · License #SL3612144
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 10:26AM
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 Atlantic Retail West Palm Beach
Investment Insights
Based on property information with market context.
This 2,310-square-foot freestanding storefront property is located at 8638 North 2nd Street in Machesney Park, Illinois. The newly redeveloped building is occupied by Pita Pit as its sole tenant, with lease commencement scheduled for September 1, 2017. The agreement provides a 10-year initial term and 3, 5-year renewal option.
The property is within Machesney Park Town Center, where Practice Velocity and Burlington Coat Factory serve as stated anchors. The surrounding center is undergoing redevelopment that includes construction of a 6-acre, 3-story assisted living community planned with approximately 96 apartments. The combination of a standalone retail building, identified tenant occupancy, and documented lease structure defines the property’s commercial profile.
The property is within Machesney Park Town Center, where Practice Velocity and Burlington Coat Factory serve as stated anchors. The surrounding center is undergoing redevelopment that includes construction of a 6-acre, 3-story assisted living community planned with approximately 96 apartments. The combination of a standalone retail building, identified tenant occupancy, and documented lease structure defines the property’s commercial profile.
Key Highlights
- 2,310‑square‑foot freestanding storefront building
- Single‑tenant occupancy by Pita Pit
- 10‑year lease scheduled to commence September 1, 2017
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 43%
Dining 37%
Shops & Services 21%
Burlington
Apparel
23,255 visits/mo
0.2 miles
Burger King
Dining
11,173 visits/mo
0.2 miles
Starbucks
Dining
8,794 visits/mo
0.2 miles
Associated Bank
Shops & Services
4,511 visits/mo
0.3 miles
BP
Shops & Services
3,651 visits/mo
0.5 miles
Demographics for 61115, IL
22,599
Population
8,983
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,132
Density / Sq Mi
$73,771
Median Household Income
$44,141
Median Earnings
$1,111
Median Rent
$160,700
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?
Storefront property - Pita Pit occupies the freestanding building under a 10-year agreement offering three additional five-year terms.
Where is this storefront property located?
The property is located at 8638 North 2nd Street Machesney Park, IL.
What are key features of this property?
This property features: 2,310‑square‑foot freestanding storefront building; Single‑tenant occupancy by Pita Pit; 10‑year lease scheduled to commence September 1, 2017
