Properties

Features
: Central Individual
Address Map
US
IL
Cook
Hickory Hills
60457
87th
8821
Street
W88° 10' 29.8''
N41° 43' 32.1''
90/94 E to I55 S to US 45 S, Left on 87th to address.
Hickory Hills
W
COMMR
Additional Information
39590
Service - 101 to 200 Amps
0X0
4600000
1
Brookline Real Estate LLC
Dominick Cannata
Financial
240000
Listing Information
William Lundy
269872
24880
Brookline Real Estate LLC
231694
24880
Contingent
2024-10-15T14:40:02Z
MRED
2024-10-07T17:48:08Z
Property Description

We are proud to present the opportunity to acquire a value-add investment property including a 40,850 square foot multi-tenant retail center and three undeveloped outlots positioned in a strong, transit-oriented location in the Chicago suburb of Hickory Hills. This property offers tremendous upside and future NOI growth through the potential for development of the outlots. Furthermore, new ownership can add value by repositioning the below-market gross leases into NNN market rents. 87th Plaza contains 40,850 square feet and is situated on approximately 6.26 acres. At the southwest corner of 87th Street and 88th Avenue just south of I-294, the center benefits greatly from its position next to CVS and Shell Gas Station across from Hickory Hills Police Department. Anchored by recently-renewed variety store chain, Dollar General, the center is fully occupied by many internet-resistant tenants on long-term leases. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. The brick construction building has been beautifully maintained and offers its visitors 242 parking spots in a landscaped and well-kept lot. Three entrances on two separate roads aid traffic flow and allow tenants to operate smoothly. Cross access with CVS and Shell allows for entry for those customers as well. This asset has tremendous upside potential through future development and repositioning of the property.

Commercial Sale For Sale

, Palos Township, Cook County, Illinois 60457, USA

$3,800,000
Listing ID#11659191
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11659191
Price : $3,800,000
Year Built : 1988
Listing Status : Active Under Contract
Property Sub Type : Strip Center
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