Property profile

718 Irving Park Rd Bensenville, IL 60106

OFF-MARKET
Lifestyle centers
13,550 SF Built 1963
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Year built 1963
Total area 13,550 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Travel Agency

Location

718 Irving Park Rd Bensenville, IL 60106
Bensenville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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