brochure - 225 roosevelt rd, villa park, il

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

All Sperry Van Ness® Offices Independently Owned and Operated.

Investment Property Offering

225 W. ROOSEVELT RD. 225 W. Roosevelt Rd. Villa Park, IL 60181

$2,950,000 Easily divisible for several users

Possible stop light at east end of site

Auto Dealership use may be continued

Substantial income until 2010

Presented By: Thomas Vincent, CCIM 1803 Hicks Rd., Suite D Rolling Meadows, IL 60008 (847)963-1031


Table of Contents

1 Financial Analysis

Executive Summary

2 Sales Comparables

3 Additional Information

4 Advisor Profile


1 . Financial Analysis


Executive Summary 225 W. ROOSEVELT RD.

225 W. Roosevelt Rd.

Villa Park, IL 60181

List Price $2,950,000

Price per Acre $558,712

Price per S.F. $12.83

Gross Acres 5.28

Shape Rectangular

Topography Level

Dimensions 767x300

Re-Development site with many potential uses

Cross Street Michigan Ave. Tax Parcel Number 06-21-207-045, 06-21-207-

Market Chicago Metro Sub Market Eastern Dupage County

Street Frontage 767 Corner Yes

Surplus Land No Electrical Yes

Phone Yes Water Yes

Sewer Yes Gas Yes

Fiber Optics Yes Zoning C-3

Property Descriptions

Existing Structures One and part two story auto dealership containing approximately 35,061 SF on the ground floor and a 6,160 SF mezzanine. The structure was built in 1974 and has been under lease to a Buick/Mazda dealership. The improvement is in good condition.

Land Improvements The site is paved with asphalt and has a fenced lot at the rear.

Environmental All environmental impairments have been remediated. A "No Further Action" letter is expected to be issued shortly.

Ingress/Egress Access from Roosevelt Rd. and Michigan Ave. It appears that it may be possible to provide a signalized intersection at the easterly end of the site which would connect with the signalized intersection to Villa Oaks Shopping Center.

Best Use Present use may be continued, however, the site is also suitable for re-development with restaurants, strip commercial, hospitality or office uses. The site's frontage of 767' with 300' of depth lends itself to subdivision into at least three uses.

Zoning C-3 in Villa Park. The existing auto dealership is a conditional use.

Area Roosevelt Rd. extends from Chicago through numerous suburbs and is a four lane heavily traveled commercial arterial in this area. Major properties in the immediate area include Villa Oaks Shopping Center anchored by Burlington coat Factory, Bally Total Fitness, and Joann Fabrics; Haggerty Pontiac; Aldi and a large shopping center anchored by Dominick's Foods at Roosevelt Rd. and Summit Ave.


Property The property is presently under lease until 2010. Lease information is available upon execution of confidentiality agreement. Its continued use as car dealership appears to be feasible if desired.


2 . Sales Comparables

OFFERING AND SALES COMPARABLES- EXISTING AUTO DEALERSHIPS

225 W. Roosevelt Road

Villa Park, IL

AUTO DEALERSHIPS LOCATION SITE BLDG. SALES/OFFERING LAND PRICE BLDG.

AREA AREA PRICE PSF PRICE PSF

NO. SALES COMPARABLES

1 720 Kingery Hwwy. (Ogden Cheverlot) Westmont 257,004 34,000 6,700,000$ 26.07$ 197.06$ Jun-06 Buyer McGrath Lexus

2 6100 W 95th (Hawkinson Ford) Oak Lawn 211,527 37,950 4,750,000$ 22.46$ 125.16$ Aug-06 Owner/user - Dodge bought

3 1200 Busse Rd (Larry Roesch Ford) Elk Grove Village 329,366 40,000 7,500,000$ 22.77$ 187.50$ Jan-07 Truck leasing major renovation

4 1230 Golf Rd (no name avail.) Schaumburg 226,799 21,200 5,000,000$ 22.05$ 235.85$ Sep-06 Investment - maybe for redevelopment?

5 1120 S Milwaukee (Sullivan Buick) Libertyville 231,739 27,661 5,700,000$ 24.60$ 206.07$ Jul-07 Sale leaseback

6 855 Rand Rd (Gateway Imports) Des Plaines 164,657 32,693 2,700,000$ 16.40$ 82.59$ Dec-06 Possible re-development

7 500 E Roosevelt Rd (Westgate Lincoln) Lombard 245,678 28,000 4,536,500$ 18.47$ 162.02$ May-07 Also used as a land sale comparable

AVERAGE PRICE PSF 1,666,770 221,504 36,886,500$ 22.13$ 166.53$

OFFERING COMPARABLES

1 9401 W 143rd St (Terrys Lincoln Mercury) Orland Park 213,444 31,356 6,250,000$ 29.28$ 199.32$ Sale leaseback provision

2 5417 Northwest Hwy (Pauly Toyota) Crystal Lake 155,074 27,680 4,500,000$ 29.02$ 162.57$ In TIF District

3 500 E. Roosevelt Rd (Westgate Lincoln Merc Lombard 241,322 28,000 6,500,000$ 26.93$ 232.14$ Near subject-sold in 2007-flip try

4 433 E. St Charles Rd (Oakfield Ford) Villa Park 141,570 28,000 3,750,000$ 26.49$ 133.93$ Commercial redevelopment site

AVERAGE ASKING PRICE PSF 751,410 115,036 21,000,000$ 27.95$ 182.55$


3 . Additional Information


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Location Map


Demographics Report 225 W. Roosevelt Rd. Villa Park, IL 60181

1.00 Mile Ring

3.00 Mile Ring

5.00 Mile Ring

POPULATION 1990 Population 11,307 98,724 245,359

2000 Population 13,002 102,925 253,212 % Population Change 1990-2000 14.99 % 4.26 % 3.20 %

2007 Total Population 13,342 104,234 254,979 2012 Total Population 13,571 105,549 255,824 % Population Change 2000-2007 2.62 % 1.27 % 0.70 % % Population Change 2007-2012 1.72 % 1.26 % 0.33 % 2007 Total Households 4,986 41,498 98,362 2012 Total Households 5,135 42,444 100,090 % Households Change 2000-2007 6.54 % 4.92 % 4.39 % % Households Change 2007-2012 2.99 % 2.28 % 1.76 % 2007 White Population 9,632 85,064 208,627 2007 Black Population 721 3,442 12,057 2007 American Indian/Alaska Native 32 124 286 2007 Asian/Hawaiian/Pacific Islander 1,471 9,377 17,892 2007 Other Population (Incl 2+ Races) 1,486 6,227 16,117 2007 Hispanic Population 3,065 9,539 25,604 2007 Non-Hispanic Population 10,277 94,695 229,375 2007 Per Capita Income $31,021 $40,134 $40,080 2007 Median Household Income $55,019 $64,363 $66,583 2007 Average Household Income $83,009 $100,809 $103,898 2007 Household Income < $10,000 131 1,176 2,471 2007 Household Income $10,000-$14,999 116 1,435 3,335 2007 Household Income $15,000-$19,999 187 1,606 3,560 2007 Household Income $20,000-$24,999 213 1,748 4,024 2007 Household Income $25,000-$29,999 325 1,933 4,186 2007 Household Income $30,000-$34,999 268 1,746 4,090 2007 Household Income $35,000-$39,999 249 1,761 3,914 2007 Household Income $40,000-$44,999 369 2,001 4,311 2007 Household Income $45,000-$49,999 384 1,802 4,203 2007 Household Income $50,000-$59,999 501 3,604 8,747 2007 Household Income $60,000-$74,999 815 6,663 14,446 2007 Household Income $75,000-$99,999 795 7,172 17,643 2007 Household Income $100,000-$124,999 262 2,983 8,059 2007 Household Income $125,000-$149,999 154 1,986 5,666


2007 Household Income $150,000-$199,999 134 1,562 4,072 2007 Household Income $200,000-$249,999 17 855 1,920 2007 Household Income $250,000-$499,999 65 1,328 3,486 2007 Household Income $500,000+ 2 140 230 2007 Average Household Size 2.57 2.45 2.54 2007 Total Owner Occupied Housing Units 3,783 32,257 79,300 2007 Total Renter Occupied Housing Units 1,216 9,223 19,050 2007 Total Daytime Population 13,555 129,865 320,164 2007 Total Daytime Work Population 8,064 82,435 203,415 2007 Total Establishments 701 7,647 18,523

HOUSEHOLDS 1990 Households 4,389 37,761 91,115

2000 Households 4,680 39,553 94,225 % Households Change 1990-2000 6.63 % 4.75 % 3.41 %


4 . Advisor Profile

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Sperry Van Ness is a registered trademark of Sperry Van Ness International Corporation. Some locations independently owned and operated.

Tom Vincent, CCIM Managing Director

1803 Hicks Rd, Ste D Rolling Meadows, IL 60008 Phone: 847.963.1031 Email: [email protected]

Real Estate Background

Forty years of involvement in commercial real estate including both sales and financing of all types of commercial and multi-family properties. Joined Sperry Van Ness in 2001; received the Achiever’s Awards for 2007, 2003, and 2002; Partner’s Circle member for 2005 and 2004.

Major Transactions

Sold properties totaling over $200MM in value since joining Sperry Van Ness.

Career Accomplishments

Total volume of sales and financing transactions total more then $360 MM. Represented over 150 clients.

Industry Achievements

Awarded CCIM designation in 1997 (Certified Commercial Investment Member– a designation from the National Association of Realtors); Past President of the Illinois Chapter of CCIM. Past member of the Board of Directors of NICAR (Northern Illinois Commercial Association of Realtors). Member of the ICSC (International Council of Shopping Centers).

Community Leadership

Chairman of the City of Rolling Meadows Plan for 18 years and member for 30 years. Involved with various church building committees.

Education

North Texas State University, BBA, 1964. Various appraisal, management and financing courses.

www.svn.com

Sperry Van Ness is a registered trademark of Sperry Van Ness International Corporation. Some locations independently owned and operated.

Tom Vincent, CCIM Managing Director

1803 Hicks Rd, Ste D Rolling Meadows, IL 60008 Phone: 847.963.1031 Email: [email protected]

Present Listings, Contracts and Letters of Intent

Glenwood Green Apartments, Glenwood, IL $3,500,000

Dixon Apartments, Dixon, IL $2,880,000

Sycamore Green Apartments, Sycamore, IL $1,600,000

6700 N Lincoln Ave, Lincolnwood, IL $3,200,000

225 W Roosevelt Rd, Villa Park, IL $5,200,000

300 E Rand Rd, Mount Prospect, IL $3,780,000

Burlington Coat Factory, North Randall, OH $2,200,000

Major Sales Transactions 2004-2008

VA Nursing Home, Pueblo, CO $5,529,397

2nd Street Shopping Center, Roscoe, IL, $3,000,000

Prairie Apartments, Harvard, IL $1,200,000

1265 Naperville Rd, Romeoville, IL $5,117,030

101 Corporate Corner, Crystal Lake, IL $2,570,000

FedEx, NNN Lease, Peoria, IL $3,300,000

Walgreens Drug Store, Lakewood, CO $3,400,000

Crystal Lake Professional Medical Pavilion, Crystal Lake, IL $3,300,000

Blanco Shopping Center, San Antonio, TX—$2,950,000

East Government Center, Louisville, KY—$5,250,000

Walgreens, Hainesville, IL—$5,050,000

Office Suites Plus, Blue Ash, OH—$3,480,000

Randall & Bricher Shops, St. Charles, IL—$5,843,000

Anita Terrace Apartments, Antioch, IL—$5,825,000

Champaign Town Center, Champaign, IL—$4,200,000

Bay Ridge Shopping Center, Waukegan, IL—$3,550,000

Elder Beerman Department Store, Dayton, OH $2,450,000

20 Acre Vacant Tract (to be zoned for Industrial uses) Lake Zurich, IL—$1,770,000

Staples Superstore, Beaver Dam, WI—$2,710,000

Palatine Commons Shopping Center, Palatine, IL—$2,300,000

AdvisorsSperry Van Ness Advisors

Thomas Vincent, CCIM

Thomas Vincent, CCIM Managing Director Sperry Van Ness

Tom Vincent, CCIM serves as a Managing Director for Sperry Van Ness, specializing in the sale of shopping centers and net leased properties nationwide. He also sells industrial, office and multifamily properties in Chicago and the Midwest. With over 35 years of experience, Vincent has secured over 300 transactions with a sales volume valued at over $360 million in the last nine years including numerous 1031 exchange transactions. Prior to joining Sperry Van Ness, Vincent operated Sentinel Realty Advisors, Inc. for more than five years. He owned and operated Fidelity Mortgage & Investment Corp.for over 20 years specializing in brokerage of commercial loans for all property types. He served as president and COO of Union Realty Mortgage Company and Senior Vice President HIC of Florida, a subsidary of Chase Manhattan Bank where he was instrumental in liquidating a $250MM portfolio of distressed assets. Vincent earned the CCIM designation in 1997 and is the past president (2004) of the Illinois Chapter of CCIM and a member of the International Council of Shopping Centers. Since 1991 Vincent has served as chairman of the Plan Commission for the City of Rolling Meadows, Illinois. He earned his bachelor's degree in banking and finance from the University of North Texas. Pam Vincent, CPA assists in the operation.