800 Theodore Street,Crest Hill, IL 60403
Crest Hill, IL 60403
Description
Ellsbury Group is pleased to present Theodore Plaza, a 15,000 SF grocery-anchored multi-tenant retail center in Crest Hill, Illinois. Offered at $1,939,000 - an 8.49% in-place cap rate rising to 9.24% upon lease-up of the final 634 SF suite, roughly $130 per square foot and below replacement cost. The center is approximately 95.7% leased to five established, necessity-based tenants: anchor Carniceria Flores (grocery and meat market), My Waffle family restaurant, Marchelloni's Pizza, Estillo's Hair Salon, and AXO Brands apparel printing. In-place NOI is $164,670, increasing to a stabilized $179,070 on lease-up of the one remaining suite. Positioned at the NWC of Theodore Street and Raynor Avenue with ~23,000 vehicles per day, pylon signage and more than 50 surface parking spaces, the property draws from a dense, growing infill trade area - Crest Hill's population is up 51.7% since 2000, minutes from I-80, US-30 and IL-53. A stable, well-located retail investment with a defined value-add path. Offered as-is; certified rent roll and income/expense statement available upon request.
Details
| MLS # | 12677524 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 84 |
| Listing Provided By | Ellsbury Group LLC | Jeremy Slowinski |
Features
| SQ Feet | 15,000 |
|---|---|
| Story(s) | 1 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Brick, Block |
|---|
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected |
|---|---|
| Electric | Separate Meters, Service - 201 to 600 Amps |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 19414 |
Area Information
| State | IL |
|---|---|
| County | Will |
| City | Crest Hill |
| Zip Code | 60403 |
| Area | Crest Hill |
| Listing VS Median (in 60403) | |
Price: $1,939,000 low | high Med: $287,200 sqft: 15,000 low | high Med: 1,375 $ / sqft: $129 low | high Med: $213 On site: 84 low | high Med: 32.5 | |
Market Activity 60403
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Learn More About This Property
| State | IL |
|---|---|
| County | Will |
| City | Crest Hill |
| Zip Code | 60403 |
| Area | Crest Hill |
| Listing VS Median (in 60403) | |
Price: $1,939,000 low | high Med: $287,200 sqft: 15,000 low | high Med: 1,375 $ / sqft: $129 low | high Med: $213 On site: 84 low | high Med: 32.5 | |