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5200-5214 159th St
Oak Forest, IL 60452
50% Leased Retail Center- Value Add Potential · Retail Property For Sale
Investment Highlights
- The one vacancy at the center is a second generation bar/restaurant
- All four (4) of the existing tenants are on NNN leases
- Opportunity to purchase an already cash flowing retail center with the ability to add value via lease-up of the second generation bar/restaurant space
Property Facts
Property Type
Retail
Building Size
11,930 SF
Building Class
B
Year Built
1976
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.86 AC
Parking
35 Spaces (2.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Restaurant
- Signage
- Signalized Intersection
About 5200-5214 159TH ST , OAK FOREST, IL 60452
Multi-tenant retail center at the northwest corner of 159th Street and Laramie Avenue in Oak Forest. The center is extremely well located at the signalized intersection with visibility and exposure to over 33,000 VPD. At 49.7% occupancy, the center produces a NOI of $14,182. Tenants include Domino's Pizza, Metro PCS, Stop 'n' Go Food & Liquors, and Tacos Tortas and Burritos. All four (4) existing tenants are on NNN leases. The plaza features two (2) pylon signs with frontage along 59th Street and a 35-car parking lot. Located in a prominent retail corridor, the plaza finds itself surrounded by national retailers including Jewel-Osco, The Home Depot, Food-4-Less, Menards, Walgreens, Aldi, Portillo's, and McDonald's, among many others.
Property Taxes
| Parcel Number | 28-16-303-036-0000 | Improvements Assessment | $107,621 |
| Land Assessment | $70,060 | Total Assessment | $177,681 |
Property Taxes
Parcel Number
28-16-303-036-0000
Land Assessment
$70,060
Improvements Assessment
$107,621
Total Assessment
$177,681
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