Value-Add Retail Opportunity | Stratford Square Mall

Investment Highlights

VALUE-ADD / ADAPTIVE USE OPPORTUNITY: 10.95 Acre Site with 147,000 SF on two levels ; Ideal for Retail Anchor or Repositioning Opportunity. 

MARKET DEMAND DRIVERS: Woodman’s Market is constructing a brand new 240,000+ SF freestanding building replacing the former Macy’s at Stratford Square Mall; Springfield Pointe, a brand new 60 lot residential development, is being developed directly adjacent to the property to the south which will increase the number of rooftops in the immediate area; Along with a strong mix of retail, medical office, fitness related, and service oriented uses adjacent to the mall to the south and west, all drive additional traffic to Stratford Square Mall.  Additionally, despite the current struggles at indoor malls, Stratford Square Mall has maintained occupancy with creative and adaptive reuses. 

STRONG DEMOGRAPHICS: Densely populated location with over 800,000 people within a 10-mile radius and average household income levels over $100,000.

FAVORABLE REAL ESTATE TAXES: Located in DuPage County where commercial property taxes are much lower when compared with neighboring Cook County.

Offering Details

Frontline Real Estate Partners and RealINSIGHT Marketplace are pleased to offer investors the opportunity to purchase the Former Saks - Stratford Square, a 147,000 SF two-story, single-tenant retail building connected to Stratford Square Mall in Bloomingdale, an affluent suburb located approximately 30 miles west of Downtown Chicago. Stratford Square Mall, totaling 1.3 million SF, has undergone massive changes in the last several years including the development of a brand new 240,000 SF Woodman’s Food Market set to open in 2021. Other major retailers at the mall include Kohl’s, Burlington and Cinemark, and Round 1, among many others. The building, a former Carson Pirie Scott, sits on a 10.95-acre site and features a large on-site parking lot and monument signage along both Gary Avenue (25,700 VPD) and Schick Road (21,100 VPD). The mall is surrounded by a strong retail corridor along Gary Avenue to the east featuring retailers Mariano's, Lowe's Home Improvement, Walmart, Lifetime Fitness, Meijer, PetSmart, Hobby Lobby, Binny's, Best Buy, and Buffalo Wild Wings, among many others. Excellent opportunity to purchase a large retail building at a well established regional mall in Chicago's affluent western suburbs at well below replacement cost.