Retail Space For Lease @ 332 Skokie Valley Rd

Storefront retail property for sale along Skokie Valley Road, directly off Route-41/Skokie Highway in Highland Park, Lake County, Illinois. The building is 9,386 square feet and is 63.8% leased by a mix of Tenants including Jimmy John's, Studio Spin, and Spa Dew. The in-place NOI is approximately $123,855 at the existing 63.8% occupancy rate, providing investors an opportunity to acquire an already positive cash flowing asset with the ability to add value through lease-up and stabilization. The center features one (1) dual-sided pylon sign featuring visibility and exposure to ~14,000 VPD, 37 parking spaces on-site,. Additionally, the center benefits from the location nearby numerous national retailers along Skokie Boulevard and Anton's Fruit Ranch, the adjacent grocer/market to the south Additionally, Skokie Boulevard has experienced a number of new developments in recent years including the construction of The Elaine North Shore, a 304-unit luxury apartment building, a Mariano's along with other national retailers including CVS/Pharmacy, LA Fitness, Binny's, Trader Joe's, Nordstrom Rack, TJ Maxx, Dick's Sporting Goods and Starbucks among others. This space offers accomodations for: strip center.