University Plaza
Downers Grove, IL 60515
1201-1213 Butterfield
Downers Grove, IL 60515
  • Asking Price: $15,950,000
  • Cap Rate: 9.24%
  • Property Type: Retail
  • Status: Available
PROPERTY DETAILS:

Investment Highlights • 98% leased to national, regional and local tenants: 55% of income is generated by national and regional tenants • Multi-tenant and mixed-use property with staggered rollover spreads investment risk • Asking price of $80 PSF is substantially below replacement cost • Estimated population of 267,000+ with a daytime population of 297,000+ within 5-miles • More than 106,000 households within a 5-mile radius with an average household income of over $108,000 • Significant in-place income with a long-term redevelopment opportunity