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500 22nd Street

Mark Heidecke Of Horvath & Tremblay Represents Sale Of Retail Property At 500 22nd Street For $5.675M
SOLDRetail

Mark Heidecke Of Horvath & Tremblay Represents Sale Of Retail Property At 500 22nd Street For $5.675M

500 22nd Street

$5,675,000

$1,004/SF

Building Size

5,649 SF

Asset Type

Retail

Closing

Nov 12, 2025

AI

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.

Players

Mark Heidecke

Horvath & Tremblay

Broker

$104.6M

vol

40 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

Oak Brook Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.80%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93