800 Theodore ST, Crest Hill, IL 60403
800 Theodore ST, Crest Hill, IL 60403
800 Theodore ST, Crest Hill, IL 60403
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,939,000
Est. payment /mo
15,000 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $129

MLS Listing ID 12677524

Year Built 1960

Annual Tax Amount $19,414

Tax Year 2025

Lot Dimensions 255' X 131

Property Sub-Type Retail/Stores

Property Description

Ellsbury Group is pleased to present Theodore Plaza, a 15,000 SF grocery-anchored multi-tenant retail center in Crest Hill, Illinois. Offered at $1,939,000 - an 8.49% in-place cap rate rising to 9.24% upon lease-up of the final 634 SF suite, roughly $130 per square foot and below replacement cost. The center is approximately 95.7% leased to five established, necessity-based tenants: anchor Carniceria Flores (grocery and meat market), My Waffle family restaurant, Marchelloni's Pizza, Estillo's Hair Salon, and AXO Brands apparel printing. In-place NOI is $164,670, increasing to a stabilized $179,070 on lease-up of the one remaining suite. Positioned at the NWC of Theodore Street and Raynor Avenue with ~23,000 vehicles per day, pylon signage and more than 50 surface parking spaces, the property draws from a dense, growing infill trade area - Crest Hill's population is up 51.7% since 2000, minutes from I-80, US-30 and IL-53. A stable, well-located retail investment with a defined value-add path. Offered as-is; certified rent roll and income/expense statement available upon request.

Location

State IL

County Will

Area Crest Hill

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected

Building

Dwelling Type Retail/Stores

Water Community Water

Structure Type Brick,Block


Read Less Info
Midwest Real Estate Data (MRED) IDX
Listed by Jeremy Slowinski of  Ellsbury Group LLC 
Nearby Locations

GET MORE INFORMATION

Doug Anderson

Doug Anderson

Designated Managing Broker

+1(847) 687-3424

Name
Phone*
Message

Go tour this home

800 Theodore ST