Technical
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Property profile

379 Ave Villa Park, IL 60181

OFF-MARKET
Neighborhood centers
8,400 SF 0.38 ac lot Built 1979
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Property summary

AI-generated overview

This freestanding retail center, totaling 8,400 square feet, presents a compelling owner-user, investment, or redevelopment opportunity. Situated on a 0.38-acre lot at the signalized corner of North and Villa Avenues in Villa Park, Illinois (60181), this property boasts excellent visibility and accessibility. Currently featuring three units with 52% occupancy, including one long-term tenant, the center offers significant potential. The building, constructed in 1979, is zoned C-3 and benefits from its location on North Avenue, a major east-west retail corridor with over 46,000 vehicles per day (VPD). Its proximity to Route 83 and the Union Pacific West Metra Rail Line (1.4 miles) further enhances its appeal. The property draws from a strong regional market including Villa Park, Elmhurst, Lombard, and Oak Brook. The asking price is $1,906,800, translating to $227 per square foot. This prime location and flexible use potential make this an exceptional opportunity for a discerning buyer. The property is a single-story building with excellent access at a signalized intersection. This is a value-add/redevelopment opportunity with potential for increased occupancy and rental income.

Property profile

Verified
Property type Neighborhood centers
Year built 1979
Total area 8,400 SF
Lot 0.38 ac (16,553 SF)

Cap rate & NOI

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

Location

379 Ave Villa Park, IL 60181
Villa Park metro
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Value estimations

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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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