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Cove Plaza

$4,450,000

400 West 22nd Street, Lombard, IL 60148

Active
Last Updated: 04/23/2025

6.76

Cap Rate

301,028.79

NOI

Details:
Cap Rate:    6.76%
NOI:    $301,028.79
Building Size:    24,397 sqft
Lot Area:    1.99 acres
Occupancy:    100%
Units:    19
Year Built:    1975
Floors:    1
Parking Spots:    100
Highlights:
  • 100% Leased Strip Center
  • High visibility
  • Sits on almost 2 acres of land
  • National Tenant Anchor
  • NNN Leases
Description:

Premier Investment Opportunity - Fully Leased Strip Center in Prime Suburban Chicago Location. Presenting a rare opportunity to acquire a premier commercial asset in one of Chicago's most sought-after suburban markets. This fully occupied strip center offers 25,000 square feet of retail space with over 400 feet of frontage along high-visibility W. 22nd Street, which sees more than 18,600 vehicles per day. Situated on a generous 1.99-acre lot, the property features a strong and diverse tenant mix, anchored by a prominent national retailer. All tenants are secured under NNN leases, providing minimal landlord responsibilities and stable, predictable cash flow. This investment combines location, stability, and strong income potential-an ideal addition to any real estate portfolio.

Postcode: 60148
Submarket: Eastern East/West Corr
Submarket Cluster: East/West Corridor
Location Type: Suburban
Market: Chicago
County: DuPage
State: Illinois
CBSA: Chicago-Naperville-Elgin, IL-IN-WI
DMA: Chicago, IL-IN
Country: United States

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