Fully leased, 14,916 SF multi-tenant retail center at the corner of Route 47 and Route 126 (E Schoolhouse Rd) in Yorkville. Current NOI of $216,477, with contractual rent increases growing NOI to $234,566. Four established, internet-resistant tenants: fitness, restaurant, personal care and a mattress showroom. Anchor tenant Anytime Fitness (5,916 SF) recently expanded and signed a new lease through June 30, 2037, backed by a corporate guaranty, with one 5-year renewal option. Scheduled annual rent increases begin July 2029, adding $18,089 of contractual NOI growth with no landlord capital required. Southern Belle's Pancake House & Restaurant, at the center since 2008, recently extended through April 30, 2039 with annual rent increases. LA Tan (since 2008) runs through August 2028 and Verlo Mattress (since 2025) runs through October 2028 with three 3-year renewal options; both are NNN leases with annual rent increases. 8.3-year weighted average lease term, with two-thirds of the building leased through 2037 or later. Three of four tenants have been in place since 2008 or earlier. Tax protection: Verlo and LA Tan are NNN, and Anytime Fitness pays its pro-rata share of real estate tax increases over a 2017 base year, so three of the four tenants share in future tax increases. Average base rent is $16.55/SF. Built in 2007 on a 1.35-acre site with approximately 262 feet of frontage on Route 47. Single-story construction, fully sprinklered, with roof ...
+ Read More| Listing Id: | 12778325 |
|---|---|
| List Price: | $2,793,252 |
| Property Type: | Commercial Sale |
| Property Type: | Retail/Stores |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $31,370 |
| Lot Size Square Feet: | 58,968 |
| City: | Yorkville |
| County Or Parish: | Kendall |
| Postal Code: | 60560 |
| Year Built: | 2008 |
| Total # Units In Building: | 4 |
| Association Fee Frequency: | Not Applicable |
| Basement: | false |
| Building Area Total: | 14916 |
| Business Type: | Retail |
| Cooling: | Central Individual |
| Directions: | East of IL-47, South of E Schoolhouse Road, North of S Main Street |
| Electric: | Other |
| Lot Size Acres: | 1.31 |
| Lot Size Dimensions: | 351.95x251.67 |
| MLS Area Major: | Yorkville / Bristol |
| Agent Owned/Interest (Y/N): | No |
| # Of Drive In Doors: | 0 |
| Fire Protection: | Other |
| Heat/Ventilation: | Other |
| Information: | 48-Hr Notice Required, No Sign on Property |
| Investment (Y/N): | Yes |
| List Price Per Sf: | 46.82 |
| Market Code: | Active |
| Min Avail Sq Ft (Rentable): | 0 |
| # Of Tl Docks: | 0 |
| Property Offered: | For Sale Only |
| Special Assessments: | N |
| # Of Tenants: | 4 |
| Update Date: | 2026-10-06T17:55:30 |
| Unit Square Footage: | 14916 |
| Net Operating Income: | $216,477 |
| Original List Price: | $2,793,252 |
| Parcel Number: | 0232480011 |
| State Or Province: | IL |
| Stories: | 1 |
| Tax Year: | 2025 |
| Zoning: | COMMR |
| Actual Status: | New |
Listing Courtesy of: @properties Commercial
Listing Agent: Dakota Nilson
dakotanilson@atproperties.com
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Midwest Real Estate Data LLC data last updated on October 08, 2026 04:22 PM - CT
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Property Last Updated: October 08, 2026 04:22 PM - CT
