Strip Center with Vacant Former Grocery in Melrose Park Retail Submarket
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New Minimum Bid/Published Reserve Price: $1,700,000 (Reduced from $1,900,000)
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer‘s Premium is added)
Year Built: 2000
Lot Size: Approx. 2.03 Acres / 88,859 SF
Entire Center: Approx. 28,858 SF
Parking: Approx. 60 Cars; 2.01/1,000
PIN #s: 15-10-316-042-1001; 15-10-316-042-1002; 15-10-316-042-1003 (PIN#s 1002/1003 have the 7c tax incentive; 615-625)
Traffic Counts: 23,800 VPD (25th Avenue); 12,100 VPD (Washington Blvd.)
This newly remodeled strip center has 4 retail units consisting of an approximately 15,757 sf, vacant former Save-A-Lot grocery store (unit 625); an approximately 9,373 sf store leased to Beauty Gallery (unit 601); an approximately 1,999 sf store leased to Chicago Trading (unit 617); and an approximately 1,729 sf, vacant retail store adjacent to the former grocery store (unit 615).
Located in Bellwood, Illinois at the corner of 25th Avenue and Washington Blvd. in the Melrose Park Retail Submarket.
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Total Bids Placed:
Location: 601 South 25th Avenue, Bellwood, IL, 60104
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