Our brokerage is proud to present the opportunity to acquire a multi-tenant mixed-use center for its first time ever on the market. This asset is positioned in a strong, transit-oriented location in the Chicago suburb of Elmhurst. York Center Plaza contains 74,628 square feet and is situated on approximately 3.61 acres. Located at the corner of York Street and Crestview Avenue directly across from I-290 access, the center benefits greatly from its position near Mariano's, LA Fitness, Starbucks and exiting highway traffic. Anchored by strong family and community-oriented businesses, the center is occupied by internet-resistant tenants on long-term leases. Differentiated businesses and contrasting peak traffic hours allow for an ideal synergy and mutual benefit across the property. The brick and block construction building has been remarkably-maintained and offers its visitors 244 total parking spots in newly striped and sealed front and rear lots. Multiple entrances on York Street and other streets bordering the property aid traffic flow and allow tenants to operate smoothly. This asset is being offered at an 8.00% CAP rate with tremendous cash flow and continued growth.
Based on information submitted to the MLS GRID as of 04/25/2024 08:55 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
