515 Crescent Blvd

  SOLD November -0001 for $850,000

515 Crescent Boulevard, Glen Ellyn, Illinois 60137


Building Size4,586 Square Feet
Land Size5,300 Square Feet
ZoningCommercial
ParkingStreet
ConstructionMasonry
Iconic BuildingDowntown Glen Ellyn
Locationwalk to train
TenancyLong Term Tenants

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.

Call Roxy for showings: 630-868-6315 or roxy@lancekammes.com


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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