Listed by Millennium Properties R/E
$595,000
17532-42 Dixie Highway
Details
Property Type Retail
Sub Type Shopping Center, Commercial
Square Footage 7,500
Units 4
Occupancy 75%
Tenancy Multi
Price per SqFt $79
Lot Size (SqFt) 25,265
Zoning B-2
Investment Type Value Add
Retail | 7,500 SqFt
Marketing description
Just off the heavily trafficked corner at 175th Street and Dixie Highway, this 7,500 square foot strip center is available for sale. The center consists of four units, three are occupied by neigh- borhood retailers and there is one vacant unit. The condition of the vacant unit is a warm shell. Tenants are responsible for maintenance, scavenger, heat and electric. This is the perfect opportunity to purchase a neighborhood center with upside po- tential.
Homewood is a town with 19,000 residents in the southern sub- urbs of Chicago. This location has easy access to the Home- wood Metra Station and I-294, I-80 and I-57 expressways.
Investment highlights
- 7,500 SF retail strip center
- 75% occupancy
- In-place income
- Tenants pay heat, electric and scavenger
- Ample parking
- Easy access to expressway
- User or investor opportunity
- Nearby retailers include: Walmart, Target, Menards, Portillo's, Jewel- Osco, Home Depot and more
- Land Area: 25,265 SF (0.58 acres)
- Zoning: B-2
- Traffic count: 14,237 vehicles daily
- Taxes (2022): $66,596.05 (under protest)
Listing Contacts
Listed by Millennium Properties R/E
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