Listed by Millennium Properties R/E
$495,000
1250-54 W 127th St
Details
Property Type Retail
Sub Type Commercial
Square Footage 7,035
Cap Rate 7.59%
NOI $41,742
Price per SqFt $78
Zoning C-2
Retail | 7.59% CAP | 7,035 SqFt
Marketing description
Available for sale is a 7,035 square foot retail center in Calumet Park, IL. This center is fully leased and is comprised of three tenants and is situated on a 2,657 square foot lot. The property is located near the signalized corner of 127th and Throop Streets. This high-visibility property offers excellent access to major expressways and public transportation, including CTA and MetraRail, making it convenient for commuters and clients alike.
This area of Calumet Park is experiencing a revitalization with new developments, attracting businesses and residents, making this property a prime location for investors looking to expand their portfolios.
Investment highlights
- 7,035 SF 3-tenant retail center
- The center is fully leased
- Large storefront windows
- Gross annual income: $87,986
- Situated near signalized corner in heavily trafficked main thoroughfare
- Great visibility with substantial vehicular traffic
- Part of a TIF district
- Perfect opportunity for a local investor
- Businesses in the area: ALDI, O’Reilly Auto Parts, Planet Fitness, Ace Hardware, Taco Bell and more
- Traffic count: 20,270 vehicles daily
- Zoning: C-2
- Taxes (2023): $37,050
Listing Contacts
Listed by Millennium Properties R/E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,742.07
$3,478.51/mo
Valuation Metrics
0
DSCR
8.43%
Cap Rate
8.43%
ROI
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