Historical Retail Sale Listing - Shopping Strip w/ Option to Purchase Laundromat

Retail For Sale

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Shopping Strip w/ Option to Purchase Laundromat

500 E. Sibley Blvd., Harvey, IL 60426

N/A

4,400 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
4,400 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
2 years left on lease
Cap Rate:
10.20%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1989
Lot Size:
19,100 SF
Listing ID
15719778
Last Updated
over 1 year ago

Highlights

  • Good opportunity for a hands-on laundromat operator to buy the business w/property.
  • New owner can update the machines and spruce up existing facility to bring in more customers.
  • Good growth potential for laundromat.
  • Cap rate for building is 10.2%, with the laundromat business, cap rate can be much higher.
  • High traffic and high visibility location
  • Fully leased with long term tenants

Description

4 tenants shopping strip located on busy Sibley Blvd. Corner spot. 100% leased.
Option to purchase the Laundromat business for $95,000.
Newer building.

I-94, Exit Sibley Blvd(West direction)
The property is located at the southeast corner of Sibley blvd(147th Street) and Perry Avenue.
Across from McDonald.

Map of 500 E. Sibley Blvd., Harvey, IL 60426 (Cook County)

Research for 500 E. Sibley Blvd., Harvey, IL 60426 (Cook County)

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