Cushman & Wakefield Retail Investment Advisors present Shorewood Commons (the Property), a 44,704 square-foot power center anchored by HomeGoods in Shorewood, Illinois. The Property is 100% occupied and located on 5.87 AC along Will County’s main retail corridor, Route 59 (23,107 VPD). The Property benefits from growing Shorewood demographics of 153,655 residents with an average household income of $105,655 within five miles. Additionally, Will County is #1 in Illinois, for the 4th consecutive year, for new single-family housing permits as of 2022. Moreover, commercial property in Will County benefits from lower overall property tax bills compared to surrounding Cook and DuPage Counties.
The Property’s anchor, HomeGoods, has occupied the center since December 2004 and has a current lease term through November 2029 with two, five-year renewal options. At 25,088 SF, HomeGoods accounts for 56% of the GLA and 44% of revenue. Meanwhile, the small shop space is occupied by dining, apparel, and service tenants. The Property also benefits from vehicular traffic from the Target, Portillo’s, and Bank of America shadow anchors. This offering includes two buildings and three developable outparcels on separate PINs.