Countryside Plaza, located at 11 Countryside Plaza, Countryside, IL 60525, presents a compelling investment opportunity. This 203,994-square-foot, 95.4% occupied, open-air shopping center boasts a diverse tenant mix of nationally recognized retailers including Best Buy, Dollar Tree, PetSmart, JoAnn, The Tile Shop, Party City, Five Below, PopShelf, Half Price Books, and Phenix Salon Suites. Situated on a 22.12-acre lot at the high-traffic intersection of Joliet Road and La Grange Road, the property benefits from exceptional visibility and accessibility. With nearly 30,300 vehicles passing daily on La Grange Road and 140,000 vehicles daily on Interstate 55, the location provides significant exposure. The property enjoys 1,361 feet of frontage on La Grange Road, maximizing visibility for tenants. This prime location is part of a highly sought-after retail submarket, with approximately one million square feet of retail space at the intersection, exhibiting nearly 100% occupancy. The strong performance of existing tenants, including several top-performing locations nationally within their respective chains, underscores the property's value. The center's proximity to Interstate 55 and Interstate 294 provides convenient access for a large trade area within the dense in-fill suburban communities of the Chicago MSA. Furthermore, the property benefits from the traffic-generating shadow anchors of Home Depot and Floor & Decor, both ranking highly nationally within their respective chains. Recent leasing momentum includes a new 10-year lease with PopShelf and renewals with H&R Block and Marry Me Jewelers at significant rent increases. The Tile Shop also exercised their five-year option. The property's strong cash flow is anchored by national credit tenants operating in right-sized formats. The Net Operating Income (NOI) is $2,091,787, and the parking ratio is 3.12 spaces per 1,000 square feet.
Lifestyle center - High-Occupancy Shopping Center, Chicago MSA
Where is the lifestyle center located?
The property is located at 11 Countryside Plz Countryside, IL.
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Michael Wilson
Adam Foret
Keegan Barrett
Christian Williams
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Countryside Plz Countryside, IL 60525
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11 Countryside Plz
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