515 Crescent Boulevard, GLEN ELLYN, 60137

$1,100,000 - Retail/Stores For Sale

$1,100,000

Beds
Baths
4,586Sqft
1961Built
MLS® #: 10055363
Active

THE iconic retail building in the heart of charming Glen Ellyn. 2 tenant building - fully leased, triple net. Brand new 5 year lease for well known restaurant (onset 8/1/2018) with 3% increases and 1 five year option. Dance studio leased through 2021 with 2% increases and 1 five year option. The asking cap rate is 7.85% Building continues to be meticulously maintained, with monthly roof inspections - roof is 8 years old. New AC in fall of 2017 and furnace is 7 years old. The entire exterior was painted in 2016, and new entryway tiling in 2018. 2 Toots restaurant is 2,131 SF and the dance studio is 2,594 SF. Each unit has additional 4,586 SF of storage in the basement which equals a total of 9,100 SF of usable space. This is a SOLID investment on the BEST corner of downtown Glen Ellyn. Showings will be during work hours only, and must be confirmed with listing agent - minimum 24 hour notice required.

Additional Information: This property is located in the Glen Ellyn neighborhood, IL. This bedrooms retail/stores property is priced at $239.9/sqft.

Price & Status History

Date Details
Status Changed from Re-activated to Active
Status Changed from Active to Re-activated
Status Changed from New to Active

Essential Information

MLS® #: 10055363
Price: $1,100,000
Taxes: $18,447
Square Footage: 4,586
Acres: 0.00
Year Built: 1961
Type: Commercial
Sub-Type: Retail/Stores
Status: Active

Community Information

Address: 515 Crescent Boulevard
Area: Glen Ellyn
City: GLEN ELLYN
County: Du Page
State: IL
Zip Code: 60137

Amenities

Utilities: Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal

Interior

Heating: Gas, Central Heat/Indiv Controls, Ceiling Fans
Cooling: Zoned, Central Individual, Total, Ceiling Fans
Stories: 1

Exterior

Exterior: Brick, Glass
Lot Description: Central Business District, Public Transport Avail
Roof: Gable
Construction: Brick, Concrete
Foundation: Concrete

Additional Information

Zoning: RTAIL

Listing Details

Listing Office: RE/MAX Suburban

Financials

$/SqFt: $240

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Listing information last updated on April 18th, 2019 at 7:21pm CDT.