West Park Plaza
528 W Lincoln Ave, Charleston, IL 61920, USA

$4,500,000· Grocery Anchored

Investment Highlights

  • 85.35% Occupied Retail Center
  • 16 Total Units & Atm (Vacant)
  • 11 Leased Units (85.35%)
  • 5 Vacant Units (14.65%) & ATM – Significant Upside
  • New Modified Bituminous Roof and Parapet Metal Cap (West Building) -20 Year Material/Labor Warranty
  • New Roof-Top HVAC Units (30 Units)
  • New Stucco Facade (West Building)
  • Re-Surface Entire East Building Roof -20 Year Material/Labor Warranty
  • Repaved Rear Service Drive
  • Long Term Tenancy
  • Security Finance–Occupied Since 1997 (24 Years)
  • Lovely Nails –Occupied Since 2007 (14 Years)
  • 9 Leased Units on Triple Net Reimbursement
  • 2 Leased Units on Gross Structure
  • Well Maintained Building- Originally Built In 1982
  • Most Recent Renovation -2020
  • Located Just West of Eastern Illinois University
  • 90 Miles from Springfield
  • 121 Miles from Indianapolis
  • Adjacent To Many National & Regional Retailers

Location

Agent

Jeff Rowlett

jeff.rowlett@marcusmillichap.com
262 364 1924

Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Mr. Rowlett is widely recognized as a leading investment properties specialist. His expertise is in understanding the capital markets, knowing..

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