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28122675
28122442

3300 Chicago Rd, South Chicago Heights, IL 60411

SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
$5,950,000
100 days on market
Updated 23 days ago

American Plaza | 100% Occupied Multi-Tenant Strip Center

Details
APN 32-32-213-021-0000; 32-32-213-016-0000; 32-32-213-015-0000
Property Type Retail
Sub Type Shopping Center, Neighborhood Center (+1)
Square Footage 63,148
Units 13
Cap Rate 9.88%
NOI $588,085
Occupancy 100%
Tenancy Multi
Price per SqFt $94
Broker Co-Op Yes
Year Built 1963
Year Renovated 2019
Buildings 1
Stories 1
Acreage 4.550
Zoning B-1
Investment Type Stabilized
Ground Lease No

American Plaza | 100% Occupied Multi-Tenant Strip Center | 63,148 SF

Marketing description

Property Description

SVN Chicago Commercial is pleased to present American Plaza, a ±63,148 SF multi-tenant neighborhood retail center located at 3300–32 Chicago Road in South Chicago Heights, Illinois. Fully renovated in 2019, the property features 13 tenant units and is currently 100% occupied, with value-add potential through stabilization of the final remaining space.

Anchored by Save-A-Lot, O’Reilly Auto Parts, and Family Dollar, with Jewel-Osco as a shadow anchor, the center offers a strong mix of national and local retailers. Situated on 4.55 acres in Cook County, approximately 28 miles south of downtown Chicago, American Plaza benefits from high visibility along a dense retail corridor.

Location Description

Located approximately 28 miles south of downtown Chicago, South Chicago Heights is a well-established village in Cook County spanning roughly 1.6 square miles. The community has a population of about 3,900 residents with a median household income near $56,000, reflecting steady growth since 2010. Its diverse population and strategic position along key suburban thoroughfares make it an attractive destination for national and local retailers alike. Supported by a dense residential base and proximity to major regional employers, South Chicago Heights offers a stable, income-balanced market ideal for retail investment.

Investment highlights

  • ±63,293 SF Community Retail Center on 4.55 AC
  • 100% Occupied
  • Strong Mix of 12 National and Local Tenants
  • Excellent Visibility and Prominent Monument Signage
  • Priced Below Replacement Cost
  • Low area Cook County Taxes
  • Easy Access to I-57 and I-394

Listing Contacts

SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$588,085.00
$49,007.08/mo

Valuation Metrics

0
DSCR
9.88%
Cap Rate
9.88%
ROI

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Additional Information

Name
Karen Kulczycki-CCIM, SIOR
License
IL #471-020279
Brokerage Phone
630-330-3352
Brokerage Address
940 West Adams Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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