Network Commercial Real Estate
Listed by Network Commercial Real Estate, Network Real Estate Group
$1,285,000
5736-5740 West 159th Street
Details
Property Type Retail
Sub Type Storefront
Square Footage 8,831
Units 2
Cap Rate 6.49%
NOI $83,338
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options Unit 5736: 2 x (5) Year Options; Unit 5740: 3 x (10) Year Options
Price per SqFt $146
Year Built 1983
Acreage 0.740
Zoning C2 - Business/Commercial
5736-5740 West 159th Street, Oak Forest, IL 60452
Marketing description
Maximize your retail investment potential with this exceptional property in the prime Chicago Commercial Real Estate Market area. BRAND NEW ROOF & CLASS 8 RE TAX INCENTIVE IN PLACE and TRANSFERRABLE!!! 8,831 SF building with 2 units, this property presents a compelling opportunity for retail and street retail investors. Built in 1983 and currently at 100% occupancy, this prime asset offers strong leasing potential and a solid income stream. With a strategic location and high visibility, this property is perfectly positioned to capitalize on the robust economic activity in the area. Don't miss out on the chance to acquire a coveted position in this esteemed retail hub.
Investment highlights
- Class 8 RE Tax Incentive
- Brand New Roof
- Stable Tenants w/Long Term Leases in Place
- Fenced Side & Back Parking Lot for Security
Listing Contacts
Network Commercial Real Estate
Listed by Network Commercial Real Estate, Network Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,338.00
$6,944.83/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
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