1184 Roosevelt Rd Glen Ellyn, IL 60137
- Retail space
- 23,108 SF
- 1.97 lot acres
Current Use by Public Records
- Retail space
Property Details for 1184 Roosevelt Rd
- Year built
- 1988
- Lot size
- 1.97 lot acres
- Property size
- 23,108 SF
- Zone code
- C
- Property type
- Retail space
- APN
- 06-18-305-013
- APU
- 618305013
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,525,000
- 6.5%
- $1,765,000
- 7%
- $1,545,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,900,000
- Geo Method
- $1,995,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,770,000
- Retail
- $1,555,000
- Mixed-Use
- $1,750,000
- Hospitality
- $1,865,000
- Educational
- $1,435,000
- Residential Income
- $1,875,000
- Energy
- $1,800,000
- Income-Based Land
- $1,505,000
- Food Service
- $1,915,000
Location Insight
- Map
- Local Demand
- City
- Glen Ellyn
- County
- Dupage
- State
- Illinois
- Longitude
- -88.0327
- Latitude
- 41.8602
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
