This Retail Property is Off-Market.

500 E. Sibley Blvd.
Harvey, IL 60426 ·

4,400 SF · Retail For Sale

N/A

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Shopping Strip w/ Option to Purchase Laundromat

Price N/A Occupancy 100%
Gross Leasable Area 4,400 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 1989
Property Use Type Net Lease Investment with 2 years left on lease Lot Size 19,100 SF
Cap Rate 10.20%
Listing ID: 15719778 Date Created: 05/19/2008 Last Updated: 09/10/2008

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.

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

Research

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

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