- For Sale $2,102,600
- Property Type Other
- Lot Size 1.49 SF
- Date Updated Apr 12, 2025
Colliers Net Lease Investment Group is pleased to present a stablized real estate investment opportunity with a value-add component. This standalone property houses two well known tenants: a closed Chicago pizza restaurant and a national cellphone store. This net-leased property is strategically located at 1323 W. Lake St in Addison, IL, and was constructed in 2005. It forms an integral part of a thriving development that encompasses numerous residential condominiums, a prominent BMO Harris Bank branch, Culver’s, and an advanced Amita Health immediate care and medical imaging facility.
Positioned strategically along the bustling US Hwy 20, just southeast of the I-355 interchange and Route 53 interchange, this property offers unparalleled accessibility, facilitating seamless north-south connections throughout Chicago’s western suburbs.
This offering presents savvy investors with a unique opportunity to acquire a stable asset and has 3 years to work to backfill the pizza space.
This opportunity is offered at $2,102,600 and a 7.50% cap rate
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
-
Walk Score ®
67/100
Somewhat Walkable
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Bike Score ®
55/100
Bikeable
- City Addison, IL
- Neighborhood Lakeview Place
- Zip Code 60101
- Market Chicago
Points of Interest
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Wood Dale
2.61 miles
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Lombard
4.06 miles
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Elmhurst
5.13 miles
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Terminal 1
6.35 miles
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College Avenue
6.41 miles
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Terminal 5
6.99 miles
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Wheaton
7.34 miles
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Schiller Park
7.79 miles
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Rosemont
7.82 miles
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Franklin Park
7.92 miles
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Sam's Club
0.73 miles
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Shell
1.71 miles
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BP
2.05 miles
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Thorntons
2.76 miles
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Speedway
2.79 miles
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Mobil
3.24 miles
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Casey's General Store
3.38 miles
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Tesla Supercharger
5.08 miles
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Electrify America
5.30 miles
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EverCharge
6.06 miles
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AA GSE Staging Area #2
4.93 miles
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Snow Melting Area
4.97 miles
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UA GSE Staging Area #1
5.04 miles
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Elmhurst Art Museum Parking
5.12 miles
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Jewel-Osco Parking Lot
5.22 miles
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Snow Equipment Staging Area
5.69 miles
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Staging Area E
5.92 miles
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Spring Valley Nature Sanctuary parking
5.97 miles
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Busse Forest South
5.98 miles
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Busse Lake Boating Center
6.28 miles
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Hampton Inn & Suites - Addison
0.54 miles
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Hilton Garden Inn Addison
1.14 miles
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Eaglewood Resort & Spa
1.35 miles
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Baymont By Wyndham Addison IL
2.70 miles
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Comfort Suites Lombard
2.79 miles
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Extended Stay America - Chicago - Itasca
2.90 miles
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The Westin Chicago Northwest
2.92 miles
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Fairfield Inn & Suites
2.96 miles
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Hyatt Place Itasca
3.01 miles
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Courtyard
3.27 miles
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Giordano's Pizzeria
0.00 miles
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Culver's
0.08 miles
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Franky's Redhots
0.13 miles
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Firehouse Subs
0.24 miles
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Home Run Inn Pizzeria
0.28 miles
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Bok Choy
0.36 miles
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Zaza's Italian Steak House
0.36 miles
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Famous Dave's
0.41 miles
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IHOP
0.49 miles
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DeMarco's Restaurant
0.69 miles
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Saint Phillip School
0.41 miles
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Stone Elementary School
0.67 miles
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Wesley Elementary School
0.69 miles
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Old Mill School
0.78 miles
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Brownie Hill School
0.84 miles
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Addison Trail High School
0.90 miles
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DeVry University
1.01 miles
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Chamberlain University College of Nursing
1.02 miles
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Lincoln Elementary School
1.27 miles
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Army Trail Elementary School
1.47 miles
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Bright Horizons at Chancellory
3.13 miles
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Kindercare
5.64 miles
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Kinder Care
5.71 miles
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Primrose School
6.64 miles
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Bright Horizons
7.64 miles
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Learning Experience Childcare
7.81 miles
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Domowe Przedszkole w Des Plaines
8.25 miles
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KinderCare
8.37 miles
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Homey-Home Day Care
9.51 miles
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Wyspa Dzieci
9.54 miles
Frequently Asked Questions
The space currently listed for sale at Two Tenant Strip - Addison, IL Retail | 7.50% CAP | 7,025 SF asks for $2,102,600.
Two Tenant Strip - Addison, IL Retail | 7.50% CAP | 7,025 SF totals 7,025 square feet.
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