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3215 E Lincolnway
Sterling, IL 61081

Price Upon Request

Freestanding For Sale  •  40,880 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 40,880 SF
  • Lot Size 3.17 AC
  • Building Class C
  • Year Built 1993
  • Tenancy Multiple
  • Zoning C
40 Walk Score

Highlights

3215 E Lincolnway presents the opportunity to acquire a high-occupancy neighborhood shopping center surrounded by shadow anchors.
Located at a signalized intersection of Route 2 and River Road with traffic counts of over 27,000 vehicles per day
Thriving retail center with value-add upside alongside a hedge against inflation with built-in lease escalations.
Since acquiring the property, ownership has injected a significant amount of capital including a new roof with a transferable 20-year warranty.
Offers remarkable leasing momentum with three new leases signed and two existing tenants signing extensions within the last 12 months.
Presents significant upside with the ability to sharply increase operational income by leasing the last two remaining vacancies.

Amenities

  • Pylon Sign
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 129
Type: Surface
Included in Rent: Yes