Essex Realty Group, Inc is proud to exclusively market for sale Roselle Station Center, a 30,614 square foot multi-tenant retail center in Roselle, Illinois. This retail center has been extremely well maintained while experiencing historically high occupancy and has undergone many recent improvements. The property is occupied with several long term and well-known local tenants including Park Rose Animal Hospital. More than half of the current tenants have annual rent increases as well as options to renew.
Roselle Station Center is located on Irving Park Road, one of the main east-west corridors in the area. The property is steps from the Roselle Metra station which is on the Milwaukee District/West train line. This train line provides daily service between Elgin, Illinois and downtown Chicago, carrying thousands of commuters each day. There are several retailers in the immediate area including Walgreens, McDonald’s, Ace Hardware, Dunkin Donuts, as well as a number of locally owned boutiques and restaurants. Many large businesses are also located in the area including: Sternberg Lighting, Electri-Flex, IJS Global, and United Supply.
Roselle is an upper-middle class community, and within a three mile radius the average household income is $90,000.
Priced less than $140/SF and at a 8.65% CAP rate, Roselle Station Center is an excellent investment opportunity for a passive investor.
Roselle is a village in DuPage County and Cook counties in northeastern Illinois. It was first incorporated in 1922 and is a bedroom community, with residents generally commuting to Chicago or nearby suburbs for their jobs. As a result, the early rural atmosphere of the community has been lost over the past 30 years. As of the 2010 census, the village’s population was 22,763. Roselle is a western suburb of Chicago and is part of the Chicago metropolitan area.
Only minutes from world-class shopping, art, sporting venues and other entertainment, Roselle provides the quality of life and sense of community usually found only in a small town, but with the convenience of a larger metropolitan area.
Roselle is home to Illinois’ finest winery, Lynfred Winery, producing world-class, award-winning wines since 1979. Winery tours and tastings are available year-round. Their popular Oktoberfest features outstanding food, wine, and competitions for everyone including a grape stomping competition and grape seed-spitting contest.
Stop by Roselle’s developing Town Center for delicious coffee and tea, and a selection of unique signature shops and restaurants.
Roselle is home to festivals and other fun family events, including the annual Rose Festival and Parade (first weekend in June), the Taste of Roselle (first weekend in August), as well as a Concert in the Park Series (Thursdays in July).
The subject property is only a short walk from the Roselle Metra stop, located adjacent to the shopping center on Irving Park Road. The Milwaukee District West train line allows for an easy commute directly to the Loop or west all the way to Elgin.
- Excellent Investment Opportunity
- Suburban Multi-Tenant Retail Center
- Solid, Long Term Tenants
- Located Directly Adjacent to Roselle Metra Station
- 8.65% Cap Rate