Courtesy of Brookline Real Estate LLC

668 River Oaks Drive

Calumet City, IL, 60409

$3,200,000

$144 per ft²
$3,200,000
$144 per ft²
Active
Active
 - For Sale
carpenters-square
22,197 ft²
property_type
Commercial
calendar
Built 1982
We are proud to present the opportunity to acquire a multi-tenant retail center positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. Sherwood Plaza contains 22,197 square feet and is situated on approximately 1.13 acres. Near the northwest corner of traffic-lit Burnham Avenue and River Oaks Drive (159th Street), the center benefits greatly from its position next door to Dunkin' and McDonald's, among dozens of other retailers along the active River Oaks trade corridor including River Oaks Mall. Anchored by daycare center, Calumet City's Kids Academy, the center is 100% occupied by many internet-resistant tenants on long-term leases. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. Sherwood Plaza offers its visitors abundant parking in a landscaped and well-kept lot. Two entrances aid traffic flow at the center. Cross access with Dunkin' allows for easy entry by Dunkin' customers as well. This asset is being offered at a 10.58% CAP rate with tremendous cash flow and continued growth. Given the below-market rents multiple tenants are currently paying, Sherwood Plaza provides an excellent value-add opportunity.
MLS® ID:
11312379
Listed:
1/25/22
Updated:
8/16/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Individual

Exterior/Building Features

Lot Size
1.13 acres lot

Other Property Details

Area Name
Calumet City
Taxes
$53769
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Pool
No
Total Stories
1

 

Courtesy of Brookline Real Estate LLC

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Data last updated 7:21 PM UTC, 8/16/22

 

 

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