Property Listing No Longer Available for Sale

Route 22 and Doyle Street, Fox River Grove, IL

Shopping Center for Sale - $2,940,000 - 14,035 Sq. Ft. on 0.05 acres


Property Info

CIMLS#133833
Location
  Route 22 and Doyle Street
  Fox River Grove IL 60021
UpdatedApril 1st, 2011
TypeShopping Center
Price$2,940,000
Building14,035 Sq. Ft.
Land0.05 acres

Property Description

Marcus & Millichap presents Eastgate Market Place, a 14,035-square

foot multi-tenant retail center in Fox River Grove, Illinois.

The subject property consists of three tenants; Car-X, Brunch Cafe, and Armenetti Wine & Liquor. All leases are net with the tenants reimbursing operating expenses. Two of the three tenants are in place until 2019 and 2022. The property is located just east of the busy intersection of IL Route 22 and Northwest Highway, two of the major thoroughfares of the northwestern suburbs of Chicago. This intersection is home to the only retail pocket in Fox River Grove, which caters to the neighboring towns between Crystal Lake to the West and Barrington to the East. Some of the national retailers in the vicinity include Dominick's, Walgreens, Panera, Jimmy John's, Verizon, Baskin Robbins, Harris Bank, Subway, Chase Bank, and Starbucks.

Fox River Grove is a northwestern suburb of Chicago, which has seen steady population growth since 1970 (14.4 percent increase since 2000). It can also be described as an affluent community, with a three mile average household income of about $125,000. As a whole, the trade area is supported by sound demographic fundamentals.


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