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Prepared by:
Randy OlczykDirect: [email protected]
12,676 SF RETAIL CENTER FOR SALE 4,297 SF VACANT FOR A USER/INVESTOR
3409-3487 Kirchoff rd | rolling Meadows, il
For Sale: 12,676 SF StoreFront retail Center
$1,495,000
3409-3487 KirChoFF rd - riverwalK Center, rolling MeadowS, il
leasing
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TenanT advisory
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PHOTOGRAPHS
For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 1
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PHOTOGRAPHS
For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 2
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www.chicagolandcommercial.com For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 3
SUBJECT PROPERTY HIGHLIGHTS
• Retail Center with Upscale Condominium Development Above
• Great Location at Kirchoff Rd. & Rt. 53
• Excellent Exposure and Visibility on Kirchoff Rd.
• Adjacent to Village Hall and Library
• 30 Covered Parking Spaces are Available; 20 Free Surface Spaces are Available
• Great Mix of Medical & Retail Tenants
• High Quality Construction
• Built in 2004
• 9 Tenant Building with Sizes Ranging from 537-2,100 SF
• Ideal for User/Investor
• Existing Gross Income of $194,541 per Year
• Assumable Financing In-Place -4.5 % Interest Rate -Expires 2017 or Sooner if Needed
• 4,297 SF Available for a User/Investor
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DESCRIPTION
Cook County ProPerty:
Building tyPe:
year Built:
Size:
Current VaCanCy:
lot Size:
Parking:
2015 real eState taxeS:
2015 oPerating exPenSeS:
exiSting groSS inCome:
3409-3487 KirchoffRolling Meadows, IL 60004
Retail/Residential
2004
12,676 SF (67% Leased)
4,297 SF
0.35 Acres
30 Covered Spaces; 20 Free Surface SpacesRatio 3.94/1000 SF
$73,837 ($5.82 psf)
$44, 366 ($3.50 psf)
$194,541 per year
$949,000 ($45.19 Psf)
Sales Price: $1, 495,000 ($117.94 PSF)
For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 4
*ASSUMABLE FINANCING IN-PLACE -4.5% INTEREST RATE -EXPIRES 2017 OR SOONER IF NEEDED
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www.chicagolandcommercial.comFor Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 5
Tenant Address Square Footage Expiration Date Monthly Rent
State Farm Insurance Ken Bobbe 3409-H 2,039 12/31/16
Jemma Marie Salon Mary Licardi 3421-G 1,123 2/28/15
Family Doctor, Ltd. Dr. Ruhi Aski 3433-F 1,327 5/31/17
Vacant 3445-E 1,860 Month/Month
Rolling Meadows Shoe Repair Alexander Lipovetsky 3451-D 537 1/31/19
Vacant 3457-D 1,328
Ghassan Souri, DDS 3469-C 1,306 4/30/20
Vacant 3475-B 1,109
Dr. John Engstrom - Eye Care 3487-A 2,047 Month/Month
Total SF 12,676
Occupied 8,379
Vacant 4,297 SF- Available for a User/Investor
Current Annual Gross Income: $194,541
(2015) Annual Real EstateTaxes: $73,837
Operating Expenses $44,366
Existing Net Income = $76,338 with 2,347 SF vacant
Pro-forma Income 2,347 SF x $22 PSF= $51,634
Pro-forma Income: $127,972 (at 100% Occupancy)
Pro-Forma Cap Rate: 8.02%
RENT ROLL
leasing
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TenanT advisory
ManageMenT
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LOCATION MAPS
For Sale: 3409-3487 KirchoFF rd, rolling MeadowS, il | 6
leasing
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ManageMenT
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LOCATION AERIAL
For Sale: 3409-3487 KirchoFF rd rolling MeadowS, il | 7
