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Grenoble Square
Value-Add Retail Center – Hazel Crest, IL

♦ Value-Add Opportunity with largest tenant in-place through 2031
♦ New Facade recently put on the building
Superb Access less than 2.5-miles from three major Illinois' interstates (I-57, I-80, & I-294)
♦ Well-Located within a retail corridor with an abundance of national tenants

THE OFFERING
Frontline, in conjunction with RealINSIGHT Marketplace, is pleased to present to qualified investors the opportunity to acquire Grenoble Square (the "Property"), a single story multi-tenant retail center on the north side of 183rd Street, just west of Kedzie Avenue, in Hazel Crest, Illinois. The property was constructed in 1982 of brown masonry and is considered a class B neighborhood shopping center. Grenoble Square is currently 12.55% occupied and produces a gross annual income of $193,552.02. The property is leased by tenants US Beauty Supply, Courtney's Hair Salon, Washland Coin Laundry and Nails #1, all of which are on NNN leases. The Property is well located along 183rd Street in an established commercial corridor with visibility and exposure to over 16,000 VPD. Additionally, the Property features 519 surface level parking spaces, monument signage along 183rd street, and the opportunity to increase value if overall occupancy is increased via lease-up. Neighboring retailers include Jewel-Osco, McDonald's, Big Lots, Chase, Aldi, Goodwill, U.S. Bank, Jiffy Lube, 7-Eleven, and ATI among many others.

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Grenoble Square

3310-3370 West 183rd Street, Hazel Crest, IL 60429

Expired

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • Neighborhood Center
  • Anchor
  • No
  • Property Size
  • 93,724 Sq Ft
  • Land Area
  • 9.97 Acres
  • Year Built
  • 1982
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 519
  • Occupancy
  • 12.55%
  • Occupancy as of
  • Aug 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Scott Bowers

      c/o Fisher Auction Company Inc.

      License: #040000273