4622 Lacey AveLisle, IL 60532

Property Details for 4622 Lacey Ave

Lot size

1.35 AC

Zone code

C

Property type

Commercial real estate

APN

08-02-319-022

APU

802319022

Description

This exceptional investment opportunity presents a fee-simple 1.35-acre parcel in Lisle, Illinois, improved with an 8,500 square foot building currently leased under an absolute NNN lease to a well-established, NAEYC-accredited school. The property boasts a 25-year operating history at this location and enjoys 100% occupancy. The current lease expires June 30, 2030, with a remaining term of approximately 5.6 years, including a 5-year renewal option. The current Net Operating Income (NOI) is $272,000, with a built-in 10% rent increase scheduled for July 2025, and subsequent 10% increases every five years thereafter. The property is zoned B-2 and features prominent frontage on Lacey Avenue (162 feet) and Ogden Avenue (315 feet). This prime location, coupled with the strong tenant and lease terms, makes this a secure and lucrative investment opportunity in the education sector. The property is priced at $4,000,000, offering a 6.80% capitalization rate. This is a rare chance to acquire a well-established, high-performing commercial property with significant long-term growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $12,153,665

  Hospitality

  $11,132,692

  Educational

  $9,262,269

  Medical

  $9,580,813

  Retail

  $14,407,974

Location Insight

City

Lisle

County

Dupage

State

Illinois

Latitude

41.8012

Longitude

-88.0702

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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