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    1184 Roosevelt Rd Glen Ellyn, IL 60137

    Sponsored
    For Lease
    $28 SF/Yr

    Restaurant & Retail Units, Glen Ellyn, IL

    Lot size:
    22,630 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Legacy Shops of Glen Ellyn offers exceptional retail space in a prime DuPage County location. This 22,630 square foot, single-story Class B shopping center, built in 1983, is undergoing a complete redevelopment in 2023, including a new roof, parking lot, and modern facades. The property boasts a highly visible location on Roosevelt Road (38,000 daily vehicles), one block from I-355 access ramps, within the bustling Lombard/Glen Ellyn retail corridor. Units range from 800 to 3,200 contiguous square feet, with a minimum divisible space of 800 square feet. The redevelopment plan features an attractive outdoor patio and new, large signage for maximum visibility. The center is already anchored by Fry The Coop, a regional Nashville Hot Chicken restaurant, occupying an endcap space and serving as a commissary for other locations. Lure Lofts, a high-end salon and beauty studio, has also signed a lease. This strategic location benefits from high traffic counts and proximity to key businesses including a Mariano's Grocery Store, Cadillac Dealership, Crowne Plaza Hotel, and a Toyota dealership, all within a one-block radius. The property is also surrounded by numerous residential complexes and subdivisions, ensuring a strong customer base. Annual property taxes are $4 per square foot. This is a unique opportunity to be part of a revitalized shopping center in a thriving community.

    Property Features for 1184 Roosevelt Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,630 SF
    Class
    B
    Total Rate
    52803.33

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    2
    Size
    2,103 SF
    Rate per SF
    $28
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Ellyn
    County
    Dupage
    State
    Illinois
    Longitude
    -88.032411
    Latitude
    41.8601205

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    FAQs

    What type of property is this?
    Restaurant - Restaurant & Retail Units, Glen Ellyn, IL
    Where is this restaurant located?
    The property is located at 1184 Roosevelt Rd Glen Ellyn, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    Request Owner's contact information
    1184 Roosevelt Rd Glen Ellyn, IL 60137
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    Glen Ellyn, IL 60137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1184 Roosevelt Rd Glen Ellyn, IL 60137
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