Mark Heidecke Of Horvath & Tremblay Represents Sale Of Retail Property At 500 22nd Street For $5.675M
SOLD
$5,675,000
Illinois
See Similar DealsRetail5,649 SF
Sold 11/13/2025
SOLD
Mark Heidecke Of Horvath & Tremblay Represents Sale Of Retail Property At 500 22nd Street For $5.675M
500 22nd Street
See Similar DealsRetail5,649 SF
Sold 11/13/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$1,004
Total Square Footage:5,649 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 500 22nd Street in Oak Brook. It encompasses a total square footage of 5,649 and was sold for $5,675,000, reflecting a price per square foot of $1,004.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,675,000
- Address: 500 22nd Street
- Market: Oak Brook
- Square Footage: 5,649
- Price per Square Foot: $1,004
- Broker: Mark Heidecke - Horvath & Tremblay
The transaction was facilitated by Mark Heidecke, who represented the brokerage firm Horvath & Tremblay. This represents a successful culmination of the retail property transaction within the Oak Brook market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$302,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,162.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,902.40
Annual Debt Service$322,828.74
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