For Sale
$2,900,000

328 Ridge Rd Wilmette, IL 60091

Dominos-anchored, high-growth potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This Wilmette, IL shopping center presents a compelling value-add opportunity. The 14,385 square foot property, built in 1980, sits on a 0.62-acre lot and features seven units (five retail, two office) across two stories. Currently 29% occupied, the center is anchored by a credit-rated Domino's Pizza franchisee with a corporate guarantee, under a NNN lease with five years remaining. The property boasts a strong operating history and significant upside potential through increased occupancy. The asking price is $2,900,000, with a pro-forma NOI of $225,000 and a pro-forma cap rate of 7.76%. The property's location at 328 Ridge Rd, Wilmette, IL 60091, offers excellent visibility and accessibility. The property's APN is 05-33-400-112-0000, 05-33-400-113-0000. This multi-tenant retail investment offers a strong foundation for growth and significant returns. The price per square foot is $201.60.

Highlights

  • Value-add opportunity in Wilmette, IL.
  • Strong anchor tenant: Domino's Pizza with corporate guarantee and five years remaining on NNN lease.
  • Significant upside potential through increased occupancy (currently 29% occupied).
  • Excellent location in Wilmette, IL with high visibility and accessibility at 328 Ridge Rd.

Property Details for 328 Ridge Rd

Property type
Lifestyle centers, Power centers
Square Feet
14,385 SF
Year Built
1980
Buildings
1
Stories
2
Lot Size (sq. ft)
27,007 SF
Units
7

Location Insight

City
Wilmette
County
Cook
State
Illinois
Latitude
42.07160388526
Longitude
-87.722584284695

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FAQs

What type of property is this?
Lifestyle center - Dominos-anchored, high-growth potential.
Where is the lifestyle center located?
The property is located at 328 Ridge Rd Wilmette, IL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Value-add opportunity in Wilmette, IL.; Strong anchor tenant: Domino's Pizza with corporate guarantee and five years remaining on NNN lease.; Significant upside potential through increased occupancy (currently 29% occupied).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Ioannis Ress
Ioannis Ress
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Ridge Rd
Wilmette, IL 60091

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Wilmette, IL 60091

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

328 Ridge Rd
  • Ioannis Ress
    Ioannis Ress
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