247 Brook Forest AveShorewood, IL 60404

Property Details for 247 Brook Forest Ave

Lot size

0.20 AC

Property size (Sq ft)

8,100 SF

Property type

Commercial real estate

APN

05-06-09-409-044

APU

50609409044

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,674,058

  Hospitality

  $1,533,429

  Educational

  $1,275,795

  Medical

  $1,319,671

  Retail

  $1,984,569

Location Insight

City

Shorewood

County

Will

State

Illinois

Latitude

41.5239

Longitude

-88.2009

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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