Sauk Plaza Shopping Center, Sauk Village, IL for sale

Investment Overview

LM Commercial is pleased to present this value-add investment opportunity in the heart of Sauk Village, IL. Sauk Plaza Shopping Center consists of a multi-tenant retail center comprising 51,032 square feet and located at 1 Sauk Trail in Sauk Village, IL. Situated on a 5.37-acre site at the southeast corner of Sauk Trail and Torrence Ave, Sauk Plaza is a well-established center, having been the predominant community center serving the area for many years. In July 2024, a new Family Dollar/Dollar Tree dual concept store opened at the center, commencing a 5-year lease, with four five-year options, and comprising a combined 23,171 square feet (45.4% of the center). Please see the Tenant Summaries for additional tenant detail. The 67% leased center has a diverse, well-balanced tenant mix including the Children’s Place Learning Academy (4,675 SF), Life in Christ Church (3,731 SF), Amy’s Cafe (1,863 SF) and the popular Sharks Fish & Chicken (992 SF). The center is well positioned in the community and fronts Sauk Trail, the city’s main thoroughfare. Other national retailers, including Walgreens and Dunkin Donuts, are located across the street. Additionally, the center is within three miles of the I- 394 and Lincoln Highway (Route 30) interchange serving the south Chicago suburbs and northwest Indiana.

Investment Highlights

• A new Family Dollar/Dollar Tree dual concept store opened at the center in July 2024. Their five-year lease with options comprises a combined 23,171 square feet (45.4% of the Center).
• 67% leased center with the opportunity to add value through the lease-up of two vacant suites: 7600, and 9,000 SF
• Co-tenants include a mix of e-commerce proof tenants including Children’s Place Learning Center (4,675 SF), Life in Christ Church (3,731 SF); Amy’s Café (1,863 SF); and Sharks Fish & Chicken (992 SF).
• Sauk Plaza is easily accessible with frontage along Sauk Trail (10,050 vpd), the city's main thoroughfare, and within three miles of the I-394 and Lincoln Highway (Route 30) interchange serving the south Chicago suburbs and northwest Indiana.
• The center has been well maintained including the replacement of the parking lot and the Dollar Tree/Family Dollar roof in 2023.
• Demographics. Average household incomes within three to five miles of the property are in excess of $100,000.