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629 E 162nd Street

South Holland, IL 60473
  • $799,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 11272937
UPDATED: 53 min ago
$799,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2009
County:

School Ratings & Info

Description

Brookline Real Estate, LLC. is proud to present the rare opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of South Holland. 629 E 162nd Street contains 4,900 square feet and is situated on approximately 0.44 acres. Near the lighted intersection of 162nd Street and Cottage Grove Avenue just west of I-94, the center benefits greatly from its position next to Jewel-Osco and McDonald's among dozens of other businesses on the active retail corridor. The center is fully occupied by internet-resistant tenants on long-term leases. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. The brick construction building has been beautifully maintained and offers its visitors front and rear parking in well-kept lots. Two entrances on 162nd Street aid traffic flow and allow tenants to operate smoothly. This asset is being offered at a 11.68% CAP rate with tremendous cash flow and continued growth.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T07:04:39.497 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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629 E 162nd Street South Holland, IL 60473

  • Price: $799,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 53 min ago
  • MLS #: 11272937
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2009
Built
Neighborhood:
South Holland
County:
Cook
Area:
South Holland
Property Description
Brookline Real Estate, LLC. is proud to present the rare opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of South Holland. 629 E 162nd Street contains 4,900 square feet and is situated on approximately 0.44 acres. Near the lighted intersection of 162nd Street and Cottage Grove Avenue just west of I-94, the center benefits greatly from its position next to Jewel-Osco and McDonald's among dozens of other businesses on the active retail corridor. The center is fully occupied by internet-resistant tenants on long-term leases. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. The brick construction building has been beautifully maintained and offers its visitors front and rear parking in well-kept lots. Two entrances on 162nd Street aid traffic flow and allow tenants to operate smoothly. This asset is being offered at a 11.68% CAP rate with tremendous cash flow and continued growth.
Interior Features

Cooling Central Individual Heat Ventilation Central Heat/Indiv ControlsForced Air Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 4900 Current Use Commercial Electric Separate Meters Fire Protection Fire Extinguisher/SSprinklers-Wet Leasable Area 0 Net Operating Income 93332 Number Of Tenants 5 Property Offered For Sale Only Property Sub Type Strip Center Tax Annual Amount 49505 Tax Year 2020 Tenant Pays Varies By Tenant Township Thornton Type Retail/Stores Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Brookline Real Estate Llc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T07:04:39.497 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Littlefield Group | Keller Williams Realty
2441 Village Green Place
Champaign IL, 61822