Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30620475
Property Subtypes: Street Retail
Building Size (RSF): 14,883 SF
Gross Building Area: See Agent
Sale Price: $4,350,000
Unit Price: $292.28 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 9/21/2020

Overview / Comments

Caton Commercial has been retained to exclusively offer for sale, a 14,883 SF, well-established retail strip center at 1515 Butterfield Rd, Aurora IL. The property sits on 1.58 acres and has great visibility and access. Located at the signalized intersection of Butterfield Rd and Farnsworth Ave with over 50,000 vehicles per day. The property is surrounded by national retailers including Walmart, McDonalds, Starbucks, Walgreens, Dunkin, Subway and more. The Chicago Premium Outlets and I-88 interchange are less than a mile south of the property. The Premium Outlets were recently expanded, and are the largest outlet center in the Chicago market and ninth largest outdoor center in North America making it a top destination that attracts tens of thousands of shoppers each year. To the north of the property is Fermilab, America’s particle physics and accelerator laboratory, has 1,750 employees and draws people to the area.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: DuPage
Tax ID/APN: 12-36-376-018
Property Visibility: Excellent
Traffic/Vehicle Count: 50,000
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,013 74,167 258,626
Median Age: 35.15 35.66 33.37
Households: 966 26,591 85,648

Contact

Photograph of Listing Agent

Christina Caton Kitchel

Caton Commercial ICEx Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northern Illinois Commercial Association of Realtors (NICAR) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.