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29855378
29855379

4019 175th St, Country Club Hills, IL 60478

NH
IL 37077037778HN
Network Real Estate Group
Listed by Network Real Estate Group
$950,000
103 days on market
Updated 102 days ago

4019 W 175th St

Details
Property Type Retail
Sub Type Strip Center
Square Footage 9,725
Net Rentable (SqFt) 9,725
Units 8
Cap Rate 7.26%
NOI $68,983
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps No
Lease Options 0
Pro-Forma Cap Rate 10.99%
Pro-Forma NOI $104,383
Price per SqFt $98
Class B
Year Built 1988
Year Renovated 2022
Buildings 1
Stories 1
Acreage 1.000
Zoning C-3
Parking Spaces 50 spaces
Parking Per SqFt 5.14
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No
Ownership Fee Simple

100% Leased Center W/ Value Add Opportunity

Marketing description

The subject property is a well-located neighborhood retail center consisting of a one-story commercial building with a functional rectangular layout totaling approximately 9725 square feet, situated on a generously sized 45,625-square-foot site. The center benefits from prominent frontage along 175th Street and is positioned adjacent to a comparable retail center at the southwest corner of 175th Street and Pulaski Road in Country Club Hills, Illinois, enhancing overall retail synergy and consumer draw.
Access to the property is excellent, with two curb cuts along 175th Street. A dedicated western curb cut provides full and convenient ingress and egress directly into the center, while an additional eastern curb cut is shared with the neighboring retail center, allowing for efficient circulation and shared traffic flow between the two properties. This strong visibility, accessibility, and adjacency to established retail make the property well suited for neighborhood-serving uses.

Investment Highlights


  1. Institutional-quality, well-maintained neighborhood retail asset with a demonstrated history of long-term tenancy, stable occupancy, and durable in-place cash flow.

  2. Current ownership has intentionally maintained below-market rental rates by foregoing scheduled rent increases, creating a clearly defined and immediately executable value-add opportunity.


  3. All tenants are currently on month-to-month leases, providing maximum flexibility to re-lease space, reset rents to market, or re-tenant with stronger credit users as leases roll.


  4. Conservative rent adjustments—well supported by market fundamentals—offer a clear and achievable path to NOI growth without disrupting occupancy.

  5. Minimal capital requirements anticipated, allowing a new owner to focus on lease optimization rather than heavy redevelopment or structural investment.


  6. Disciplined asset management and rental rate optimization position the property to achieve a projected 10% cap rate, delivering compelling risk-adjusted returns.


Value-Add & Capital Improvement Strategy


  1. Immediate upside available through rent normalization and strategic lease structuring.


  2. Opportunity to selectively invest in modest cosmetic upgrades (façade enhancements, signage standardization, parking lot striping, landscaping) to further enhance curb appeal and tenant quality.


  3. Potential to strengthen tenant mix over time by attracting higher-credit or necessity-based users aligned with neighborhood demand. Efficient execution timeline with limited operational complexity.

Buyer Profile Appeal

  1. Private Capital / Value-Add Investors: Clear NOI growth story with defined levers, minimal execution risk, and attractive yield enhancement.

  2. 1031 Exchange Buyers: Stable in-place income with near-term upside, flexible lease rollover, and manageable asset scale.


  3. Institutional & Family Office Investors: Strong risk-adjusted return profile combining current cash flow, inflation protection through rent growth, and long-term hold potential.

Investment highlights

  1. 100% Leased Center W/ Value-Add Opportunity

  2. Well-located neighborhood retail center in Country Club Hills, Illinois

  3. Approximately 9,725 SF of building area

  4. Prominent frontage along 175th Street

  5. Two curb cuts along 175th Street

  6. Strong visibility, accessibility, and traffic flow

  7. Well suited for neighborhood-serving retail and service uses

Listing Contacts

NH
IL 37077037778HN
Network Real Estate Group
Listed by Network Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,983.00
$5,748.58/mo

Valuation Metrics

0
DSCR
7.26%
Cap Rate
7.26%
ROI

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