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2232 E Grand Avenue

Lindenhurst, IL 60046
  • $2,500,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 12306097
New On Site 5 Days Ago
UPDATED: 52 min ago
$2,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1987
County:
Area:

School Ratings & Info

Description

Attractive Fully Leased Neighborhood Center Built in 1987 with 180 feet of Frontage on Route 132 at Lighted Intersection of Sand Lake and Route 132. Excellent Tenant Mix Including National Tenant Anchors. Inviting access from Both Sand Lake (267 Feet of Frontage) and Route 132. 34 Customer Parking Spaces in Front of Property with New Lighted Marquee Sign. Back Lot has Ample Employee Parking and EZ Delivery Access. Recent Value Added Improvements Include Parking Lot and Stripping, Marquee Sign, Roof and Tenant Buildout. Income and Expense calculations are accurate - Income Does Not Include Potential Income from Garage. Cap Rate is Based Upon 10,969 Sq Ft Center, Asking Price Does Take into Account Out Lot/Excess Land with Center and Separate Pin number for 1750 sq. ft. Brick Garage with Driveway Easement Access (Former Car Wash). Serious Inquiries Only

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2025-03-16T15:01:00.687 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2232 E Grand Avenue Lindenhurst, IL 60046

  • Price: $2,500,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 52 min ago
  • MLS #: 12306097
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1987
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
Property Description
Attractive Fully Leased Neighborhood Center Built in 1987 with 180 feet of Frontage on Route 132 at Lighted Intersection of Sand Lake and Route 132. Excellent Tenant Mix Including National Tenant Anchors. Inviting access from Both Sand Lake (267 Feet of Frontage) and Route 132. 34 Customer Parking Spaces in Front of Property with New Lighted Marquee Sign. Back Lot has Ample Employee Parking and EZ Delivery Access. Recent Value Added Improvements Include Parking Lot and Stripping, Marquee Sign, Roof and Tenant Buildout. Income and Expense calculations are accurate - Income Does Not Include Potential Income from Garage. Cap Rate is Based Upon 10,969 Sq Ft Center, Asking Price Does Take into Account Out Lot/Excess Land with Center and Separate Pin number for 1750 sq. ft. Brick Garage with Driveway Easement Access (Former Car Wash). Serious Inquiries Only
Exterior Features

Exterior Building Type Brick Frontage Type State Road Outdoor Parking 51-100 Spaces

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Number Of TLDocks 0

Property Features

Building Area Total 10969 Electric Circuit Breakers Fire Protection Alarm MonitoredAlarm On Site Gross Income 189554 Gross Scheduled Income 189554 Leasable Area 12691 Mls Actual Status Active Net Operating Income 135230 Number Of Tenants 6 Operating Expense 19137 Property Offered For Sale Only Property Sub Type Strip Center Tax Annual Amount 35186 Tax Year 2023 Total Monthly Income 15796 Township Lake Villa Type Retail/Stores Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Carr Realty, Inc: 847-945-0984.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2025-03-16T15:01:00.687 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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