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3500 W 183rd St
Hazel Crest, IL 60429
Retail Property For Sale

Investment Highlights

  • Located along 183rd Street, a primary commercial corridor in Hazel Crest.
  • Surrounded by dense residential neighborhoods supporting steady demand.
  • Convenient access to Kedzie Avenue, I-80, and surrounding regional roadways.
  • Opportunity for owner-user or investor, including potential value-add upside.

Executive Summary

3500 W 183rd Street presents a compelling opportunity to acquire a commercial asset within a well-trafficked corridor serving the south suburban Chicago market. Positioned along 183rd Street—one of the area’s primary retail thoroughfares—the property benefits from strong visibility, consistent daily traffic, and proximity to key regional connectors, including Kedzie Avenue and Interstate 80. The surrounding trade area is supported by established residential communities and a stable base of necessity-driven retail, including grocery, restaurant, and service-oriented users. This location provides investors with exposure to a durable tenant base and steady consumer demand, making it well-suited for a variety of retail, medical, or office users. The asset is ideally positioned for an investor seeking stable in-place operations or potential upside through lease-up, repositioning, or tenant reconfiguration. Given the corridor’s continued relevance and accessibility within the south suburban market, the property offers long-term income potential supported by consistent traffic patterns and surrounding commercial activity.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
13,250 SF
Building Class
C
Year Built
1980
Price
$900,000
Price Per SF
$67.92
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.93 AC
Parking
55 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
180’ on W 183rd St

Property Taxes

Property Taxes

Parcel Number
28-35-400-015-0000
Land Assessment
$150,525
Improvements Assessment
$86,277
Total Assessment
$236,802
  • Listing ID: 28803032

  • Date on Market: 6/20/2023

  • Last Updated:

  • Address: 3500 W 183rd St, Hazel Crest, IL 60429

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