facebook
Traded Co logo
Submit

Silver Fox Acquires Retail Property In Yorkville For $1.34M

Property Image
SOLD
$1,340,000

Illinois

See Similar Deals
Retail5,500 SF
Sold 09/14/2022
the dealplayerscompscontact
Property Image
SOLD

Silver Fox Acquires Retail Property In Yorkville For $1.34M

600 East Veterans Parkway, Yorkville, Illinois 60560, United States

See Similar Deals
Retail5,500 SF
Sold 09/14/2022
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$243
Total Square Footage:5,500 SF
Transaction Type:Sale

The retail property located at 600 E Veterans Pkwy in Yorkville has been sold in a recent transaction. The asset, situated on a high-profile corner building along heavily traveled Route 34 near Route 47, has attracted significant attention. The property was sold by the long-time owner of Blackstone Bar and Grill in Yorkville to the operator of the Silver Fox. This sale represents a significant opportunity for the new owner to establish a presence in a prime location in Yorkville's retail market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,340,000
  • Square Footage: 5,500
  • Price per Square Foot: $244
  • Market: Yorkville
  • Buyer: Silver Fox - DHPJ Property Group
  • Seller: Blackstone Bar and Grill
  • Broker: Peter Karlis - Cornerstone Commercial Real Estate

This transaction was facilitated by Peter Karlis from Cornerstone Commercial Real Estate. The broker played a key role in representing both the buyer, Silver Fox - DHPJ Property Group, and the seller, Blackstone Bar and Grill. With their expertise and negotiation skills, Karlis successfully closed the deal, allowing the Silver Fox to acquire the highly sought-after retail property in Yorkville.

Players

3 deals$6.9M volume
BROKER

Details

SOLD
IMAGE: Peter Karlis DATE: 09/14/2022 ADDRESS: 600 E Veterans Pkwy MARKET: Yorkville ASSET TYPE: Retail BUYER: Silver Fox - DHPJ Property Group SELLER: Blackstone Bar and Grill BROKER: Peter Karlis (@PeterKarlis) - Cornerstone Commercial Real Estate SALE PRICE: $1,340,000 SF: 5,500 ~ PPSF: $244 NOTE FROM BROKER: High profile retail corner building on heavily traveled Route 34, near Route 47 in Yorkville. Long time owner of Blackstone Bar and Grill in Yorkville sold the restaurant to the operator of the Silver Fox.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$71,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,760.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,352.28
Annual Debt Service$76,227.40