Strip Center plus Land - Woodridge, IL

8258 Janes Ave, Woodridge, IL 60517

  • For Sale $4,225,000
  • Property Type Other
  • Date Updated Apr 27, 2024

Sold with the adjacent 2.75 acres of land.

 

Colliers is pleased to present this unanchored strip center and adjacent land at the hard corner of 83rd St and Janes Avenue with a common address of 8258-8290 S. Janes Avenue in Woodridge, IL. The property is one intersection west of I-355 and boasts a 23,205-square-foot strip center and additional land totaling 2.75 acres available for future development.

The strip mall is anchored by a food mart and service-oriented tenants. The average tenancy is 13.5 years and the majority of rents are below market. The property benefits from a strong demographic profile, with a population of over 88,000 within a three-mile radius and an average household income of over $128,000.

The adjacent land presents an opportunity for further development, with potential uses including additional retail, medical, or residential space. The property is zoned B-3, which allows for a variety of commercial uses playing off the quality location and the number of residents in the area.

The opportunity to acquire this strip mall and adjacent land provides stable income with upside by leasing the two vacant suites and value add through the development of the additional land. The offering price for the strip center is $4,225,000 (8% cap on year 1 NOI) while the land is offered at $1,500.000.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Peter Block

broker

Rachel Patten

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Woodridge, IL
  • Neighborhood Woodridge
  • Zip Code 60517
  • Market Chicago

Points of Interest

  • Belmont

    4.05 miles

  • Downers Grove Main Street

    4.37 miles

  • Lisle

    4.53 miles

  • Fairview Avenue

    4.73 miles

  • Lemont

    4.78 miles

  • Westmont

    5.21 miles

  • Clarendon Hills

    6.17 miles

  • Naperville

    6.21 miles

  • West Hinsdale

    6.54 miles

  • Romeoville

    6.91 miles

  • Costco Gasoline

    0.77 miles

  • Marathon

    0.91 miles

  • Shell

    0.92 miles

  • BP

    0.94 miles

  • Mobil

    0.99 miles

  • Meijer

    1.00 miles

  • Tesla Supercharger

    1.03 miles

  • Volta Charging Station

    1.11 miles

  • Mobil

    1.11 miles

  • Volta Charging Station

    1.29 miles

  • Steak n' Shake

    2.51 miles

  • Pace Canterbury Park-N-Ride

    3.39 miles

  • Pace Old Chicago Park-N-Ride

    4.08 miles

  • Hobson School Parking

    4.26 miles

  • Goodrich Woods Forest Preserve Parking

    4.30 miles

  • Marq on Main - Parking Garage

    4.61 miles

  • Holy Trinity Parking

    5.11 miles

  • P8

    5.30 miles

  • P4

    5.33 miles

  • P7

    5.38 miles

  • Aloft Bolingbrook

    1.57 miles

  • Extended Stay America

    2.37 miles

  • Fairfield Inn & Suites

    3.69 miles

  • WoodSpring Suites Chicago Darien

    3.75 miles

  • SpringHill Suites

    3.77 miles

  • Residence Inn

    3.79 miles

  • Hampton Inn & Suites

    3.86 miles

  • Hilton Garden Inn

    3.93 miles

  • Quality Inn

    3.97 miles

  • Holiday Inn & Suites

    4.06 miles

  • Subway

    0.07 miles

  • Papa's Pizza Place

    0.07 miles

  • Doggie Diner

    0.81 miles

  • McDonald's

    0.82 miles

  • Pizza Italiano

    0.83 miles

  • That Burger Joint

    0.83 miles

  • Woodgrain Pizzeria

    0.83 miles

  • Jimmy John's

    0.84 miles

  • Dunkin'

    0.84 miles

  • Wholey Granoly

    0.84 miles

  • John L Sipley Elementary School

    0.56 miles

  • Edgewood Elementary School

    0.58 miles

  • Saint Scholastica School

    0.60 miles

  • William F. Murphy Elementary School

    0.71 miles

  • Thomas Jefferson Junior High School

    1.28 miles

  • Montessori School

    1.67 miles

  • Wood View Elementary School

    1.70 miles

  • Jonas E. Salk Elementary School

    1.77 miles

  • Hubert H. Humphrey Middle School

    1.79 miles

  • Meadowview Elementary School

    2.02 miles

  • KinderCare

    1.59 miles

  • Tutor Time of Downers Grove

    2.52 miles

  • Kindercare

    3.50 miles

  • Peter Day

    3.58 miles

  • Ready, Set, Grow Child Care Center

    3.68 miles

  • KinderCare

    3.70 miles

  • Chesterbrook Academy

    4.04 miles

  • The Compass School

    4.10 miles

  • Argonne Child Development Center

    4.55 miles

  • Chesterbrook Academy

    4.70 miles

Frequently Asked Questions

What is the lease rate for Strip Center plus Land - Woodridge, IL?

Rental asking rate at Strip Center plus Land - Woodridge, IL is $2,112,500.00/YR.

What is the total square footage of Strip Center plus Land - Woodridge, IL?

Strip Center plus Land - Woodridge, IL totals 23,205 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Strip Center plus Land - Woodridge, IL