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    10301 Central Avenue

    Oak Lawn, IL 60453
    • $3,644,000
    • STATUS: Active
    • ON SITE: 338 days
    • MLS #: 10552230
    UPDATED: 32 min ago
    $3,644,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,331
      SQFT
    • $138
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    Description

    Presenting the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Oak Lawn. This asset is being offered at a 8.00% CAP rate with tremendous cash flow and continued growth. Central Plaza contains 26,331 square feet and is situated on approximately 2.67 acres. At the southeast corner of Central Avenue and 103rd Street, the center benefits greatly from its position next to Richards High School just blocks from the 95th Street Retail Corridor. The existing tenants at the center have all recently been renewed or extended, adding stability to the asset. The majority of tenants escalate on yearly basis creating additional equity and better future returns. The center also provides a future development opportunity on the south end of its 2.76 acre lot. The pad sits directly on the corner of Central Avenue and 105th Street and would come with an abundance of parking given the current center's oversized parking lot.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2020-09-21T13:52:31.097 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    10301 Central Avenue Oak Lawn, IL 60453

    • Price: $3,644,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 10552230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    26,331
    SQFT
    $138
    $/SQFT
    1980
    Built
    Neighborhood:
    Oak Lawn
    County:
    Cook
    Area:
    Oak Lawn
    Property Description
    Presenting the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Oak Lawn. This asset is being offered at a 8.00% CAP rate with tremendous cash flow and continued growth. Central Plaza contains 26,331 square feet and is situated on approximately 2.67 acres. At the southeast corner of Central Avenue and 103rd Street, the center benefits greatly from its position next to Richards High School just blocks from the 95th Street Retail Corridor. The existing tenants at the center have all recently been renewed or extended, adding stability to the asset. The majority of tenants escalate on yearly basis creating additional equity and better future returns. The center also provides a future development opportunity on the south end of its 2.76 acre lot. The pad sits directly on the corner of Central Avenue and 105th Street and would come with an abundance of parking given the current center's oversized parking lot.
    Exterior Features

    Lot Dimensions 125 X 931 Lot Sq Ft 116305 Number Of Parking Spaces 126 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Individual Fire Protection Alarm MonitoredFire Extinguisher/SSprinklers-Wet Number Of Drive In Doors 0 Number Of Stories 1

    Property Features

    Electrical Service Separate Meters Financial Amounts For Total Building Rental Onl Yes Gross Rentable Area 26331 Heat Ventilation Forced Air Investment YN Yes Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 291483 Net Operating Income Year 2019 Number Of Tenants 8 Property Offered For Sale Only Tax Year 2018 Taxes 186020 Tenant Pays Common Area MaintenanceReal Property TaxesInsurance Township Worth Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Brookline Real Estate Llc.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2020-09-21T13:52:31.097 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    The Wexler Group
    16123 S LaGrange Road
    Orland Park IL, 60467