$750,000
$799,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Dominick Cannata • Brookline Real Estate LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "