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2959 W 159th St
Markham, IL 60428
Canterbury Plaza · Retail Property For Sale
Investment Highlights
- Multi-tenant, grocery-anchored retail center within the Chicago MSA featuring successful regional tenants Fairplay Foods, DD's, Citi Trends, and more.
- Diverse rent roll with strong tenant retention, staggered lease expirations, contractual increases, and options.
- Stable cash flow and high debt capacity with multiple upside scenarios and the opportunity to add value and grow returns through lease-up.
- Well maintained and an outstanding opportunity to acquire a quality asset at an extremely attractive basis below replacement costs.
- Recent CapEx includes a new seal coating and restriping of the parking field, new roofs, new loading docks, and several other upkeep items.
- Expansive site with multiple points of ingress/egress, great frontage, and prime visibility to nearly 31,000 vehicles daily along W 159th Street.
Property Facts
Property Type
Retail
Property Subtype
Department Store
Building Size
235,786 SF
Building Class
B
Year Built/Renovated
1961/2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
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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