Listed by Millennium Properties R/E
$1,050,000
3200 W 159th Street
Details
APN 28144310470000
Property Type Retail
Sub Type Shopping Center, Retail/Stores
Square Footage 5,066
NOI $70,292
Occupancy 100%
Tenancy Multi
Brand/Tenant currency exchange, Metro T-Mobile
Year Built 1973
Year Renovated 2009
Lot Size (SqFt) 36,149
Zoning C-1, neighborhood shopping
Parking Spaces 40 spaces
Parking per 1,000 SqFt 7.90
Retail | 5,066 SqFt
Marketing description
A 5,066 square foot neighborhood shopping center is available for sale. Renovated in 2009, the center is situated on a heavily-trafficked stretch of Kedzie Avenue and 159th Street.
The tenants at the center include a currency exchange, Metro T-Mobile, JR Tobacco and GoCredit. Parking for 40 vehicles, prominent pedestal signage and close proximity to the I-57 interchange, makes this an excellent opportunity for an investor.
Markham is an established community located in south suburban Cook County. The city is largely residential with a large number of retail and commercial properties concentrated along 159th between I-57 and I-294 expressways.
Investment highlights
- Fully occupied 5,066 SF neighborhood retail shopping center
- Tenants include a currency exchange, Metro T-Mobile, GoCredit and JR Tobacco
- Situated on the corner of busy Kedzie Avenue and 159th Street
- Ample parking
- Highly visible pedestal sign
- Retailers in the area: Subway, Dunkin', Dollar Tree, AutoZone Barn, several restaurants and more
- Lot size: 36,149 SF
- Traffic count: 28,244 vehicles daily
- Zoning: C-1, neighborhood shopping
Listing Contacts
Listed by Millennium Properties R/E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,292.00
$5,857.67/mo
Valuation Metrics
0
DSCR
6.69%
Cap Rate
6.69%
ROI
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