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Multifamily For Sale

109 S Whispering Hills Dr
Naperville, IL 60540


TYPE Multifamily
SF 3700
Units 4
BUILT1980
ACRES 0.18
Parking 8 Off-street
OCCUPANCY100%
GROSS INCOME $51600
NOI $36062
CAP RATE 6.74%
PRICE $535000
Continue reading “Apartment Building For Sale 109 S Whispering Hills Dr Naperville IL 60540”

 

Joseph Naper Building For Sale Downtown Naperville 216-218 S Main St

Sales Price: $3,850,000
Cap Rate:     6.06%


The Marcus & Millichap Retail Division is proud to have been selected to exclusively represent for sale 216-218 Main Street, Naperville Illinois. Continue reading “Joseph Naper Building For Sale Downtown Naperville 216-218 S Main St”

Retail For Sale

365 E North Ave
Glendale Heights, IL 60139


TYPE Retail
SF 6400
BUILT1988
ACRES 0.70
ZONING B-2
OCCUPANCY100%
GROSS INCOME $112958
NOI $70693
CAP RATE 7.9%
PRICE $899000

Highlights


  • Fully Occupied
  • High Visibility Center on Busy North Ave
  • Complimentary Retail Tenant Mix

Description


Fully Occupied 6,400 SF 4-unit retail strip center located in Glendale Heights Illinois. Prominent Retail Location on heavily trafficked North Ave corridor between Bloomingdale Rd and Glenn Ellyn Rd with an average daily traffic counts of over 64,000 cars minutes from I-355 NS toll way. Strong demographics with over 100,000 within 3- miles and Median Household Income of $71,971 30% greater than the national average. The center offers a complimentary tenant mix of a long established Miska’s Corner Store, Salon, Laundromat and Pita & Kabobz restaurant.

Demographics


1 Mi3 Mi5 Mi
Pop15688 105092289715
HH528537106104469
Ave HH Inc$61492$66238$68888

Map Overview


Office For Sale/For Lease

1616 E Roosevelt Rd
Wheaton, IL 60187


Property TypeOffice
SF 13280
Available 700-2450
Built1963 Reno (2014)
Floors2
Acres .98
Zoning B-3
Parking 48
Signage Monument
Rate $12.00/SF
Price $1550000

Highlights


  • Ideal investment or Owner-user Offering
  • Attractive Professional Office Building
  • High Visibility Roosevelt Rd Location with Monument Sign
  • Minutes from I-355 N-S Tollway
  • 700 – 2450 SF Suites Immediately Available

Description


High visibility Professional Office building with monument sign on busy Roosevelt Rd in Wheaton minutes from I-355 N-S. Ample 48 car parking lot. Recently renovated and very well maintained with an attractive front foyer and rear entrance. 700, 800, and 2,450 SF Office Suites available for lease at a very competitive gross rate. Well established Psychology group occupies the upper level.

Map Overview


Retail For Sale/lease

Parkview Plaza
519-535 S Bartlett Rd
Streamwood, IL 60107


Property TypeRetail-Strip
SF9050
Avail 750-1500
Built1978 (Reno 2018)
Acres .78
ZoningC-2
Parking 52
Signage Monument
Rate $18 PSF
Price $585000

 

Highlights


  • High Visibility at Intersections S Bartlett Rd & Streamwood Blvd
  • Multi-Unit Retail Strip Center with Complimentary Neighborhood Tenant Mix
  • Good Visibility along busy 127th St
  • New Roof, New HVAC’s recently renovated

Description


High visibility multi-unit Retail Strip Center For Sale/For Lease at the intersection of S Bartlett Rd and Streamwood Blvd. Over 9000 SF of property on 3/4 of an acre offering a complimentary mix of tenants including a Hair Salon, Pet Grooming, Chiropractor and Farmers Insurance. Prime available space at the front of the center ideal for an Owner-occupied buyer or national retailer lease. High population densities of almost 100,000 people within 3-miles of the site. Brand new roof with transferable 20 year warranty, all new rooftop HVAC units. Recently renovated.

Demographics


1 Mi3 Mi5 Mi
Pop16842 95910236857
HH57183239780097
Ave HH Inc$92750$92253$94446

 

Map Overview


 

Retail For Sale

1150 State St
Lemont, IL 60439


Price$750000
UseUser
SF3960
Stories1
Built2000
TypeRetail
Lot0.80 Acres
Sub-typeRestaurant
Parking35

Highlights


• Highly visible out-lot Lemont Plaza
• Free Standing Fast Food with Drive-thru
• 234′ Frontage on State St
• Grocery Store Anchored
• National Tenants:  Ace Hardware, Goodwill, Dollar Tree, Total Fitness, Subway, Dunkin Donuts, McDonalds

Demographics


1 Mi3 Mi5 Mi
Pop8640 2630296497
HH3016931632602
Ave HH Inc$108412$109102$94150

Description


Former Hardee’s Drive-thru Fast Food Restaurant on a highly visible out parcel of the Lemont Plaza, a vibrant 116,887 SF  neighborhood shopping center located at the high traffic intersection of State Street (Lemont Road) and 127th, in one of the fastest growing communities in Chicago’s Southwest suburbs.

Anchored by quality retailers such as Ace Hardware, Goodwill, Dollar Tree, Total Fitness, Subway, Dunkin Donuts and adjacent McDonalds.

Lemont Plaza is the premier local shopping destination for the town with upper-middle-income shoppers.

Map Overview


Land For Sale

8s040 Olesen Dr
Naperville, IL 60563


Price$649900
UseDevelopment
Acreage4.7
Price/Acre $138085
Zoning Residential DuPage Co
Property TypeLand
Sub-typeResidential Land

Highlights


  • Rare larger lot in City
  • Minutes from Downtown Naperville
  • In area of prestigious estate homes
  • Mature wooded lot
  • Low impact commercial development potential

Description


Rare 4.7 Acre Lot For Sale in Naperville’s near SE side minutes from downtown Naperville in and amongst some of Naperville’s most prestigious estates. Zoned single family in Unincorporated DuPage County that could be maintained and build a one of a kind estate on a sprawling mature wooded lot with creek bed running through. Low impact commercial development, annexation, and rezoning could also be pursued. Historic single family home and garage exist that could be maintained or removed returning the area to a natural state. Areas of lot in flood zone approximately one contiguous acre developable estimated not in the flood zone in the SE sector with frontage along Olesen Dr.

Situated in Chicago’s Western Suburbs Naperville is one of the most affluent communities in the Midwest, ranked #1 by Kiplinger for early retirement and was recently given the designation as the Safest City in the US (USA Today). Naperville’s downtown offers many fine dining options, entertainment, cultural and family activities and only a 30-minute express train ride to downtown Chicago.

Map Overview


Apartment Cap Rates Drop to Historically Low 5.6% Time to Sell

Apartment-Cap-Rates-Drop-to-Historically-Low-5.6-Time-to-Sell Apartment Cap Rates Drop to Historically Low 5.6% Time to Sell

Apartment Cap Rates Drop to Historically Low 5.6% Time to Sell

In a show of strength, cap rates reached new historically low levels during the first quarter. We observe that the mean cap rate, illustrated by the dark blue line in the chart, declined by 40 basis points to 5.6% during the first quarter. As mentioned, this is a record low.

Moreover, it is first time that we have observed a mean cap rate less than 6%. It is important to emphasize that this is the mean cap rate for properties that actually traded during the quarter, not the cap rate for all properties. Nonetheless, a 40-basis-point decline is a surprise. And while I will always caution reading too much into one quarter’s worth of data, this development is noteworthy.

Not only are we at a relatively late juncture for apartments (measured by both the fundamentals space market and capital market cycles), but we haven’t seen a movement nearly this strong since the market was climbing out of the recession; and of course such a strong downward movement should be expected during such an environment. The strong downward movement is far rarer at this relatively late stage of the game.

This downward trend continues to pull down the 12-month-rolling cap rate, depicted as the red line in the graph. That metric now stands at a scant 6%, also a record low for apartment cap rates since Reis has been tracking the market. Like with most data points, a little context is important. If you look at the dashed, light-blue line in the graph above, you can see the average 12-month rolling cap rate since 2005 is 6.6%. That means that the current 12-month rolling cap rate is now 60 basis points below the average. While that is significant, it is not egregious. And as we have discussed in past capital markets briefings, this is a consequence of continued low interest rates, not of irrational exuberance. And while it is difficult to envision apartments cap rates continuing to compress at a rate anything like what transpired during the first quarter, we should also not expect cap rates to expand much in the near -term based on the outlook for apartment fundamentals. Therefore, cap rates are likely to remain in the high-5% to low-6% range over the next year or so.

Source: REIS Ryan Severino on Jun 1, 2016


Contact Coldwell Banker Commercial to List your
Multifamily Property For Sale in this unprecedented Low Cap Rate Market!

Coldwell Banker Commercial® (CBC®) multi-family professionals are well-versed in the unique elements and trends that shape successful multi-family transactions. With access to local, national, and international market data and industry trends, CBC professionals can provide the knowledge to help you make informed decisions and design the ideal real estate solutions that meet your needs. In addition, professionals can leverage their relationships with fellow CBC professionals in over 250 companies around the world to access a larger pool of potential investors and.

CBC professionals will help you maximize the value of your assets prior to sale through property rehabilitation and marketing. If you are purchasing a property, they will assist you in making an informed and profitable purchase. For owners of multiple properties, CBC professionals can help evaluate each property based on current market conditions and future trends for each specific location. By completing transactions in nearly every US state last year, CBC multi-family professionals are well versed in the anomalies of every market and are ready to assist with your transaction.

CBC professionals will assist you in any of these services:

  • Acquisitions
  • Appraisal and other Valuation Services
  • Architectural Planning and Design
  • Investment Analysis
  • Consulting
  • Dispositions
  • Management
  • Property and Facilities Management
  • Strategic Real Estate Planning
  • Market Surveys and Analysis
  • Due Diligence and Feasibility Studies

All multi-family accounts are handled through a single point of contact and use web-based project management technology that allows access to your projects anytime, 24 hours a day, seven days a week.