718 Irving Park Rd Bensenville, IL 60106

Property Details for 718 Irving Park Rd

Year built

1963

Property size

13,550 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Bensenville Plaza, located at 718 W Irving Park Rd, Bensenville, IL 60106, presents a compelling value-add investment opportunity. This 13,550 square foot shopping center sits on a 32,722 square foot lot and boasts a prominent location on busy Route 19 (Irving Park Road), experiencing daily traffic counts of 30,000 vehicles. The property features a single, two-story building constructed in 1963, with a C-2 zoning designation. Currently, the center houses eight retail units, with 90% occupancy on the ground floor and two additional 2,000 square foot units on the second floor, showing 50% occupancy. Overall building occupancy stands at 80%. The property benefits from full ingress/egress and many long-term tenants. The asking price is $2,250,000 and is offered as a 1031 exchange opportunity. This multi-tenant property offers significant potential for increased revenue and return on investment. The property's strong location and existing tenant base provide a solid foundation for future growth. The APN is 03-14-118-017. This is a rare opportunity to acquire a well-positioned retail center in a thriving market.