Westwood Financial Closes on $8.8 Million Unanchored Mixed-use Strip Center in Chicago

Westwood Financial Closes on $8.8 Million Unanchored Mixed-use Strip Center in Chicago

Westwood Financial successfully closed on a 24K square foot unanchored, mixed-use retail strip center in Hinsdale, Illinois – a highly affluent suburb of Chicago.

Deal highlights:
– Average household income of $170,000 (3-mile)
– Population of 92,000 (3-mile)
– Average household value in excess of $650,000 (3-mile)
– Comprised of street-front retail with newly constructed second-floor office component
– Purchase price less than construction price
– Dedicated parking
– Recently constructed middle school directly behind center
– Vacant basement provides potential upside
– Historical downtown Hinsdale creates limited supply

Click to few property details and sitemap