Freestanding Retail or Redevelopment

Retail-Commercial for Sale
Catylist Listing ID: 30620466
Property Subtypes: Free-Standing Building, Garden Center, Restaurant, Street Retail
Building Size (RSF): 7,077 SF
Gross Building Area: See Agent
Gross Land Area: 1.66 Acres
Sale Price: $1,295,000
Unit Price: $182.99 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

7,077 SF retail building with 1,750 SF pole barn
• Signalized intersection on the newly completed 159th Street at the
corner of Bell Road
• Cell tower lease brings in $2400 per month to a new owner
• Currently occupied by John Deere home center who will be moving to a
new location Summer 2020
• As presently configured there is an outdoor dock and the current
operator has a shop for maintenance, and the outbuilding for storage
• Excellent location for a restaurant, retail store, entertainment venue or
redevelop for a variety of uses

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Tax ID/APN: 1605133010040000
Retail Clientele: General, Family
Property Visibility: Excellent
Area Description: The newly improved 159th Street is a hotbed of development activity. This stop light corner is an excellent location for redevelopment, or the existing building could be modified and utilized for a variety of retail operations.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,027 48,742 148,979
Median Age: 41.54 42.34 41.33
Households: 956 16,920 52,005

Contact

Photograph of Listing Agent

Randy Petri

Caton Commercial
ICEx Member
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