Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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