Property profile

328 Rdg Rd Wilmette, IL 60091

OFF-MARKET
Retail space
Property ID
US28-1327368
0.13 ac lot Built 1986
Entity Owned Free & Clear
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Property summary

AI-generated overview

This Wilmette, IL shopping center presents a compelling value-add opportunity. The 14,385 square foot property, built in 1980, sits on a 0.62-acre lot and features seven units (five retail, two office) across two stories. Currently 29% occupied, the center is anchored by a credit-rated Domino's Pizza franchisee with a corporate guarantee, under a NNN lease with five years remaining. The property boasts a strong operating history and significant upside potential through increased occupancy. The asking price is $2,900,000, with a pro-forma NOI of $225,000 and a pro-forma cap rate of 7.76%. The property's location at 328 Ridge Rd, Wilmette, IL 60091, offers excellent visibility and accessibility. The property's APN is 05-33-400-112-0000, 05-33-400-113-0000. This multi-tenant retail investment offers a strong foundation for growth and significant returns. The price per square foot is $201.60.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1986
Lot 0.13 ac (5,670 SF)
APN 05-33-400-113
UPID US28-1327368

Cap rate & NOI

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

Location

328 Rdg Rd Wilmette, IL 60091
Wilmette metro Census 801100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M

Owner & transaction history

since 2025
Last sale
$1.0M
7 recorded transactions
2025
$1.0M
2023
Price N/A
2021
Price N/A
2020
Price N/A
2014
Price N/A
1998
Price N/A
1969
Price N/A

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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