For Sale
$1,300,000

247 Brook Forest Ave Shorewood, IL 60404

High-yield retail property, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully leased retail property located at 247 Brook Forest Ave, Shorewood, IL 60404. The property, built in 2006, offers 8,663 square feet of space situated on a 1.04-acre lot within a Jewel-Osco anchored retail center. The property boasts a strong 9.23% cap rate, generating a net operating income (NOI) of $119,929. The asking price is $1,300,000. This prime commercial property enjoys excellent visibility on a major thoroughfare, benefiting from high traffic counts and ample parking (225 spaces) with convenient access from Jefferson Street or Brook Forest Ave via five separate curb cuts. The property is zoned for commercial use (APN: 05-06-09-409-042) and is located in a desirable area with strong demographics, including affluent income levels and proximity to national tenants, health systems, and major highways. Its location just 6 miles west of downtown Joliet, Illinois, further enhances its appeal. This is a turnkey, net lease investment opportunity ideal for passive income generation, featuring a long-term, profitable tenant. The property's strategic location and strong financial performance make it a compelling investment prospect.

Highlights

  • $1,300,000 Asking Price.
  • 8,663 SF Retail Building.
  • 9.23% Cap Rate, $119,929 NOI.
  • Net Lease (NN).
  • 2006 Construction.
  • 1.04-acre lot with 225 parking spaces.

Property Details for 247 Brook Forest Ave

Property type
Retail properties
Square Feet
8,663 SF
Year Built
2006
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Shorewood
County
Will
State
Illinois
Latitude
41.5238743
Longitude
-88.2009056

FAQs

What type of property is this?
Retail property - High-yield retail property, fully leased.
Where is the retail property located?
The property is located at 247 Brook Forest Ave Shorewood, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: $1,300,000 Asking Price.; 8,663 SF Retail Building.; 9.23% Cap Rate, $119,929 NOI.
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.
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247 Brook Forest Ave
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