Two Tenant Strip - Addison, IL Retail | 7.50% CAP | 7,025 SF

Two Tenant Strip - Addison, IL Retail | 7.50% CAP | 7,025 SF

For Sale

1323 W Lake St, Addison, IL 60101

This Addison property for sale is located at 1323 W Lake St. The current listed sale price for Two Tenant Strip - Addison, IL Retail | 7.50% CAP | 7,025 SF is $2,125,720. Two Tenant Strip - Addison, IL Retail | 7.50% CAP | 7,025 SF is situated on a lot that is 1.49 square feet in size.

Contacts

broker
Peter Block
broker
Zach Ofner

Property Details

  • Property Type Other
  • Lot Size 1.49 SF
  • Date Updated Apr 30, 2025

Colliers Net Lease Investment Group is pleased to present a stablized real estate investment opportunity with a value-add component. This standalone property houses two well known tenants: a closed Chicago pizza restaurant and a national cellphone store. This net-leased property is strategically located at 1323 W. Lake St in Addison, IL, and was constructed in 2005. It forms an integral part of a thriving development that encompasses numerous residential condominiums, a prominent BMO Harris Bank branch, Culver’s, and an advanced Amita Health immediate care and medical imaging facility.

Positioned strategically along the bustling US Hwy 20, just southeast of the I-355 interchange and Route 53 interchange, this property offers unparalleled accessibility, facilitating seamless north-south connections throughout Chicago’s western suburbs.

This offering presents savvy investors with a unique opportunity to acquire a stable asset and has 3 years to work to backfill the pizza space.

This opportunity is offered at $2,125,720 and a 7.50% cap rate

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Getting around

  • 67/100

    Walk Score ®

  • 55/100

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Location

  • City Addison, IL
  • Neighborhood Lakeview Place
  • Zip Code 60101
  • Market Chicago

Points of Interest

  • Wood Dale

    2.61 miles

  • Lombard

    4.06 miles

  • Elmhurst

    5.13 miles

  • Terminal 1

    6.35 miles

  • College Avenue

    6.41 miles

  • Terminal 5

    6.99 miles

  • Wheaton

    7.34 miles

  • Schiller Park

    7.79 miles

  • Rosemont

    7.82 miles

  • Franklin Park

    7.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Two Tenant Strip - Addison, IL Retail | 7.50% CAP | 7,025 SF
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