Listed by Jameson Commercial Real Estate
$2,895,000
Calumet City Plaza
Details
Property Type Retail
Sub Type Strip Center
Square Footage 29,609
Units 3
Cap Rate 9.10%
NOI $262,597
Occupancy 100%
Tenancy Multi
Brand/Tenant Bex furniture outlet, LLC
Lease Type NNN
Pro-Forma NOI $262,597
Buildings 2
Acreage 2.153
Retail | 9.10% CAP | 29,609 SqFt
Marketing description
Presenting a prime investment opportunity in the heart of Calumet City, these two fully leased buildings offer a total of 25,609 SF of versatile retail space. Shadow anchored by Chase Bank and adjacent to River Oaks Mall, the property benefits from high traffic with 28,500 ADT on 159th Street at the signalized corner of 159th and Paxton Drive. Featuring drive-thru access and loading docks, the property is perfectly positioned for retail success in the Chicago MSA, just 20 miles south of the Chicago Loop. With a strong tenant lineup and a strategic location, this property offers a compelling opportunity for retail and strip center investors.
Calumet City, IL
Investment highlights
- 100% leased to 3 tenants
- 2-buildings with drive thru & loading dock
- Abundant parking
- Shadow anchored by chase bank
- 103,602 population & ahi of $79,751 w/I 3 miles
- Located on highly trafficked 159th St. (28,500 ADT) At signalized corner Of 15th & Paxton drive
- Chicago MSA
- Adjacent to river oaks mall
- Just .7 mile east of us 94 expressway, 20 miles south Of Chicago loop
- Ownership open to consider all reasonable offers
Listing Contacts
Listed by Jameson Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$262,597.00
$21,883.08/mo
Valuation Metrics
0
DSCR
9.07%
Cap Rate
9.07%
ROI
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