Marcus & Millichap is pleased to present 800 Hillgrove Avenue, located on the corner of Wolf Road and Hillgrove Avenue, in the heart of downtown Western Springs, Illinois. This 21,215 square foot mixed-use retail and office building is directly across from the village hall, fire department and the Burlington Northern Western Springs train station. Western Springs is just 20 miles southwest of downtown Chicago.

This 100 percent occupied vintage-looking masonry and stone building complements the architecture and scenic downtown of Western Springs. The office and retail spaces are split between two floors and the tenant mix is a carefully selected blend of restaurants, boutique retailers and service providers for the surrounding community. This building features a handicap accessible elevator, code compliant fire alarm and suppression system, zoned air conditioning / heat and separately metered gas / electric for each tenant. In 2008, an additional 3,600 square feet was added to the building to accommodate local tenant demands. In addition to the added square footage, three lots were purchased just north of the building to make way for the 84 stall parking lot, which gives the building's tenants rare dedicated parking in the downtown area.

Location Description:

On the corner of Wolf Road and Hillgrove Avenue, in the heart of downtown Western Springs, Illinois. directly across from the village hall, fire department and the Burlington Northern Western Springs train station. Western Springs is just 20 miles southwest of downtown Chicago.

Highlights:

>> Cash On Cash Return is 9.06% On Current Numbers

>> Currently 100% Occupied!

>> Consistently Very High Occupancy Even During 2009, 2010 & 2011.

>> Owner Is In Process Of Renewing Expiring Leases For An Additional 5 Years

>> Trophy Asset On Main Corner In Downtown Western Springs, IL

>> Affluent Community-Average HH is $163,000 Within 1 Mile

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Sales Info:

>> Cap rate: 8.08%

>> NOI: $460543