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
Oak Brook Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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