SHOPPING CENTER FOR AUCTION: October 9, 2002

Park Plaza Shopping Center
2002-2030 Galena Avenue
Freeport, Illinois

Auction: October 9, 2002

71,837 square foot community shopping center on main north/south thoroughfare

Eagle Foods anchored with 16 years remaining on lease

47,871 square feet leased

23,966 square feet available.

In place Net Operating Income $345,000

Proforma Net Operating Income @ 100% $563,465

Totally renovated in 1999, no deferred maintenance

Very low CAM & Real Estate Taxes

Suggested Opening Bid $2,500,000

Call for a detailed property information, terms of sale and bidder’s information package.
630-990-8657