Ascot Shopping Center

 Investment Highlights: 

• Opportunity to modernize the center and improve curb appeal through exterior façade upgrades, parking lot improvements, landscaping, and updated signage
• Diversified tenant mix focused on service-oriented uses
• Ability to boost below-market rents and improve operational efficiencies under new ownership
• Attractive land basis mitigates downside risk and offers future redevelopment upside

Offering Summary: 

Baum Realty Group, LLC has been exclusively retained to market for sale the Ascot Shopping Center located in Prospect Heights, Illinois. The Ascot Shopping Center consists of two single-story retail buildings, totaling approximately 27,123 square feet of rentable building area on ±101,036 SF (2.3 acres) of land. The center is approximately 85% leased to a diverse mix of locally-owned, service-oriented tenants including a daycare, restaurants, a dog groomer, and a video gaming lounge.

Located at the southeast corner of E. Camp McDonald Road and S. Wolf Road immediately adjacent to the Prospect Heights Metra Station, the property offers high visibility and strong street traffic with this intersection seeing over 15,560 vehicles per day (VPD).

The offering provides investors with the ability to unlock meaningful upside through strategic capital improvements, active leasing, and repositioning of the tenant mix. Offered at an attractive land basis, the Property also represents a rare opportunity to control a well-located land parcel at a cost far below replacement value with flexibility to execute multiple business plans ranging from traditional lease-up to partial redevelopment or long-term land hold.

Auctioneer: Scott Bowers c/o Fisher Auction Company Inc. License: 040000273. Starting Bid: $300,000.