328 Rdg Rd, Wilmette, IL 60091
- Retail space
- 0.13 lot acres
Current Use by Public Records
- Retail space
Property Details for 328 Rdg Rd
- Year built
- 1986
- Lot size
- 0.13 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 05-33-400-113
- APU
- 533400113
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 25, 2025 | $1,025,000 | 328 350 Ridge Rd LLC | Yjh Properties LLC | Warranty Deed | — |
| Apr 28, 2023 | — | Yjh Properties LLC I | — | Deed · related | $1.9M · Wintrust Bank NA |
| Feb 8, 2021 | — | Yjh Properties LLC | — | Deed · related | $500k · Wintrust Bank NA |
| Mar 18, 2020 | — | Yjh Properties LLC I | — | Deed · related | $394k · Wintrust Bk NA |
| Nov 3, 2014 | — | Yjh Properties LLC I | Hyun,kwang S & Yoon J | Grant Deed · related | — |
| Aug 17, 1998 | — | Kwang S Hyun | Bank One Trust Co NA Trustee | Deed Of Trust · related | $1.2M · Private Bank & Trust Co |
| — | — | Yjh Properties LLC I | — | Loan Modification · related | $394k · Wintrust Bk NA |
| — | — | Yjh Properties LLC I | — | Deed Of Trust · related | $500k · Wintrust Bk NA |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Wilmette
- County
- Cook
- State
- Illinois
- Longitude
- -87.7223
- Latitude
- 42.0714
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
