Courtesy of Brookline Real Estate LLC

10301 Central Avenue

Oak Lawn, IL, 60453

$3,865,000

$14 per ft²
$3,865,000
$14 per ft²
Active
Active
 - For Sale
carpenters-square
263,331 ft²
property_type
Commercial
calendar
Built 1980
We are proud to present the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Oak Lawn. This asset is being offered at a 8.15% CAP rate with tremendous cash flow and continued growth. Central Plaza contains 26,331 square feet and is situated on approximately 2.67 acres. At the southeast corner of Central Avenue and 103rd Street, the center benefits greatly from its position next to Richards High School just blocks from the 95th Street Retail Corridor. The existing tenants at the center have all recently been renewed or extended, adding stability to the asset. The majority of tenants escalate on a yearly basis creating additional equity and better future returns. The building is well-maintained including several recent upgrades and replacements. The center also provides a future development opportunity on the south end of its 2.67 acre lot. The pad sits directly on the corner of Central Avenue and 105th Street and would come with an abundance of parking given the current center's oversized parking lot.
MLS® ID:
11452133
Listed:
6/30/22
Updated:
8/7/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Individual

Exterior/Building Features

Lot Size
2.67 acres lot

Other Property Details

Area Name
Oak Lawn
Taxes
$251048
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Pool
No
Total Stories
1
Zoning
COMMR

 

Courtesy of Brookline Real Estate LLC

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Mike McCurry Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 8/7/22. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2022 Listings Courtest of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 11:51 PM UTC, 8/7/22

 

 

Contact