When commercial real estate is sold, the original purpose of the building tends to retain its form. A retail space within a neighborhood shopping center will likely be the home of another retailer who will tailor the space to match their branding and business model. However, when a vastly different business takes its place, it can often shake up the property for the better.

Such is the case for the free-standing building on 400 W 75th Street in Downers Grove, IL. This property  formerly housed a US Bank branch with all of the amenities one would assume would be present including a lobby, a secure back office, and a drive through. However, when the bank’s long-term lease expired, Matanky Realty Group found a new tenant who broke the mold – a well known, high-end local beauty salon called Sotelo Hair Studio.

Matanky Realty Group Senior Broker Scott Levinson brokered the transaction after marketing the property as a leasing opportunity for the 3,650 SF building, including a 3,150 SF basement. Alternatively, the location could have been a 28,000 SF retail pad ready to accept any other type of business in the build-to-suit situation.

This property stands on a hard corner with a stoplight at the very busy intersection of 75th Street and Fairview Ave across the street from a high producing Home Depot store. An abundance of other retailers do business in the local area including Walmart, ALDI, Ross, Five Below, Kohl’s PetSmart, and many more.

With a 3-mile population of 102,000, earning an average household income of $104,000, plus as many as 49,300 vehicles passing by the corner daily, this proved to be the perfect high-visibility location for the salon’s ownership.  Sotelo Hair Studio offers haircuts, styling, manicures, and hair coloring from professional stylists who travel the country to learn more and perfect their craft. They also offer hair extensions and Brazilian keratin straightening treatments. Learn more on their website at www.sotelohairstudio.com or, better yet, stop by their fabulous salon to get pampered.

What can Matanky Realty Group do for your business? Whether you seek to start or expand your enterprise or you are a property owner looking to maximize your property’s value with new tenants or a buyer, our highly trained and experienced brokerage team can assist. Search our current listings at https://matanky.com/property-listings/  or drop us a line to start a conversation: https://matanky.com/contact-us/ .