South Holland, IL 60473,629 E 162nd ST
South Holland, IL 60473,629 E 162nd ST
South Holland, IL 60473,629 E 162nd ST
South Holland, IL 60473,629 E 162nd ST
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$750,000

$799,000

6.1%
Est.Price: ?

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Est. payment /mo

4,900 SqFt


SOLD DATE : 01/04/2022

Key Details

Sold Price $750,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $153

MLS Listing ID 11272937

Sold Date 01/04/22

Year Built 2009

Annual Tax Amount $49,505

Tax Year 2020

Lot Dimensions 150X127

Property Sub-Type Retail/Stores

Property Description

Brookline Real Estate, LLC. is proud to present the rare opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of South Holland. 629 E 162nd Street contains 4,900 square feet and is situated on approximately 0.44 acres. Near the lighted intersection of 162nd Street and Cottage Grove Avenue just west of I-94, the center benefits greatly from its position next to Jewel-Osco and McDonald's among dozens of other businesses on the active retail corridor. The center is fully occupied by internet-resistant tenants on long-term leases. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. The brick construction building has been beautifully maintained and offers its visitors front and rear parking in well-kept lots. Two entrances on 162nd Street aid traffic flow and allow tenants to operate smoothly. This asset is being offered at a 11.68% CAP rate with tremendous cash flow and continued growth.

Location

State IL

County Cook

Area South Holland

Zoning COMMR

Interior

Cooling Central Individual

Fireplace N

Building

Level or Stories 1

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Dominick Cannata • Brookline Real Estate LLC
Bought with Dominick Cannata • Brookline Real Estate LLC
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