This property is Off-Market
500 E. Sibley Blvd.
Harvey, IL 60426 ·
4,400 SF · Retail For Sale
Shopping Strip w/ Option to Purchase Laundromat
|Gross Leasable Area||4,400 SF||No. Stories||1|
|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|
|Listing ID: 15719778||Date Created: 05/19/2008||Last Updated: 09/10/2008|
4 tenants shopping strip located on busy Sibley Blvd. Corner spot. 100% leased.
Option to purchase the Laundromat business for $95,000.
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.
- 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
500 E. Sibley Blvd., Harvey, IL 60426 (Cook County)
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