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    Property profile & analytics
    FOR LEASE
    Retail space

    1184 W Roosevelt Rd, Glen Ellyn, IL 60137

    23,108 SF 1.97 ac lot Built 1988
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-2342016
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1988
    Total area 23,108 SF
    Lot 1.97 ac (85,813 SF)
    Zoning code C
    APN 06-18-305-013
    UPID US28-2342016
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.60M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.06M
    Blend (final) Blend
    $1.64M
    Owner & transaction history
    Lagacy Shops Of Glen Ellyn LLC · 4 yrs held
    Lagacy Shops Of Glen Ellyn LLC
    since 2022
    Last sale
    $1.7M
    7 recorded transactions
    2023
    2023
    2023
    2022
    2022
    $1.7M
    2021
    2007
    Zoning & alternative use
    C · Glen Ellyn, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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