Active @properties exclusive

4472 Lawn Avenue

Western Springs, Illinois 60558


Dan Stratis
312.506.0250

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$2,150,000


Square Footage
5,836


Property Type
Retail Store
Neighborhood
Western Springs


The offering is a multi-tenant 5,836 square foot mixed-use building that includes apartment, office and retail space. Currently leased to @properties, BB Donuts and an apartment user. There is a modified gross lease in place that expires in June, 2028 with 2.5% annual increases. @properties will sign an amendment to the lease at closing extending the base term for a full 7 years. Additionally there are 3 five (5) year options to renew that lease. BB Donuts has a lease until September 2023 Due to its mixed used status, the real estate taxes are only $1.98 per square foot and @properties is responsible for 44% of the taxes. Attractively priced at an 6.4% CAP Rate based on current income, this offering provides an investor a very attractive return with a strong tenant in place



Full Features
Built: 1966
Cooling System: Central Air
Stories: 2
Rentable Square Feet: 5,600
Building Square Feet: 5,836
Current Net Income: $133,663
School District(s): Lyons Twp HSD 204, Western Springs SD 101


Taxes & Assessments
Taxes: $11,581

Listing information updated today (6/24/2021)


Western Springs photo


Western Springs

The Village of Western Springs was named for its clear, cool springs. The springs may be gone, but the community continues to thrive, offering beautiful homes, a short commute, and plenty of parks and recreation. Homes in Western Springs include…

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Nearby Public Transportation

Metra
BNSF Railway

at Western Springs Metra (0.05 miles away)






4472 Lawn Avenue Western Springs, Illinois 60558 is a retail store currently listed at $2,150,000. This retail store has been listed on @properties since April 28th, 2021 and was built in 1966. Nearby schools include John Laidlaw Elementary School, Mcclure Jr High School, Lyons Twp High School. The nearest transit stops include BNSF Railway Western Springs Metra. Want to learn more about 4472 Lawn Avenue Western Springs, Illinois 60558? Contact an @properties agent to request more info.


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