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2959 W 159th St
Markham, IL 60428
Canterbury Plaza · Retail Property For Sale
Investment Highlights
- Well located retail center, grocery anchored, currently leased to several strong, credit tenants with the ability to drive traffic to the property 61%
- Located between several signalized intersections at the corner of 159th & Kedzie -- exposure to over 45,000 vehicles per day
- Over 90,000 people live within 3 miles of the plaza
- High amount of upside in leasing the vacant space, ability to get to a double digit cap rate and nearly 30% cash on cash returns upon refinancing
- Only 0.2 miles from the on and off ramp to I-294 and less than 1 mile to the I-57 cloverleaf
- The property is currently assessed at a market value of $12M, well above the $8.5M asking price
Property Facts
Property Type
Retail
Property Subtype
Department Store
Building Size
269,311 SF
Building Class
B
Year Built/Renovated
1961/2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
28.54 AC
Zoning
B-3 - Community Shopping District
Parking
1,500 Spaces (5.57 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 28-24-101-047-0000 | Improvements Assessment | $97,213 |
| Land Assessment | $752,654 | Total Assessment | $849,867 |
Property Taxes
Parcel Number
28-24-101-047-0000
Land Assessment
$752,654
Improvements Assessment
$97,213
Total Assessment
$849,867
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