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Glenwood Plaza 18409 S Halsted St 29,000 SF Retail Building Glenwood, IL 60425 $11,500,000 ($396.55/SF) 17.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly Built 2022 | 29,000 Total Building Sq Ft
- Over $8.7M in combined annual revenue
- Excellent location just over 1-mile to I-80 interchange
- Class 8 Tax Incentive Approved 2025
- Ability to separate real estate from the businesses and structure with new market-rate leases negotiated prior to closing
- Excellent systems in place for passive investment opportunity
EXECUTIVE SUMMARY
A Premier opportunity to acquire a 29,000 Sq Ft retail center built in 2022 on 2.5 Acres with 2 High Revenue businesses included in the sale. Ideally positioned on Halsted St with 35,200 Daily traffic count and just over 1 Mile from I-80-Halsted Interchange that has 186,000 daily traffic count. Average household income of $110,000 within a 1-mile radius. Class 8 Tax Incentive approved in 2025. Whether you’re an owner-user or an investor, this property represents a rare opportunity to secure a large, high-visibility commercial asset in a strong south suburban Chicago location.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
29,000 SF
Building Class
B
Year Built
2022
Price
$11,500,000
Price Per SF
$396.55
Cap Rate
17.35%
NOI
$1,995,130
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
1.59 AC
Frontage
284’ on South Halsted Street
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $453,963 | |
| Land Assessment | $51,939 | Total Assessment | $505,902 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$51,939
Improvements Assessment
$453,963
Total Assessment
$505,902
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Glenwood Plaza | 18409 S Halsted St
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