Highlights
•Prime retail location •Strong, nationally recognized tenant •Ideal for investment or owner occupancy •Potential for redevelopment •Large on-site parking lot with extra income potential
Description
High-Visibility Standalone Property in Wilmette, IL. Currently occupied by a Lapels Dry Cleaning franchisee on a month-to-month lease, the tenant is willing to sign a new 5-year lease prior to closing, backed by a corporate guarantee from Lapels—an international brand with over 500 locations worldwide. This is an outstanding opportunity for both investors and owner-users. The property features a large private parking lot, with 10 spaces currently leased to a neighboring business, generating additional income. Zero landlord responsibilities make this a hassle-free investment.
Listing Details
- Cap Rate
6.9%
- Tenancy
Single
- Space Type
retail
- Sub Category
grocery-store
- Date Listed
10/22/2025
- Investment Type
Stabilized
- Net Operating Income
$58,292
Property Specifics
- Property Name
819 Ridge Rd, Wilmette, IL
- Property Class
B
- No of Units
1
- Year Built
1941
- Building Size
1,936 SF
- Occupancy
100%