Multi-Tenant Retail Shopping
For Sale
Contact for pricing
Pending
10345 S Central Ave, Oak Lawn, IL 60453
Established retail center with renewed tenant commitments, annual escalations, substantial parking, and additional development potential.
Property Size26,331 SF
Lot Size2.67 Acres
Days on Market143
Property Features for 10345 S Central Ave
General Information
Standard status
Pending
Size
26,331 SF
Lot size
2.67 Acres
Property subtype
Retail
Additional Details
Cap Rate
8.15%
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Brookline Real Estate
(630) 590-5910
Listed By:
Dominick Cannata · License #IL 00000
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 9:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookline Real Estate
Investment Insights
Based on property information with market context.
Central Plaza is a multi-tenant retail center totaling 26,331 square feet on approximately 2.67 acres in Oak Lawn, Illinois. The property includes a well-maintained building with several recent upgrades and replacements. Existing tenant agreements have recently been renewed or extended, while most occupants have annual escalation provisions that support scheduled rent growth. The center also carries an 8.15% CAP rate.
The property occupies the southeast corner of Central Avenue and 103rd Street, adjacent to Richards High School and a short distance from the 95th Street Retail Corridor. An oversized parking area serves the existing center. The southern portion of the parcel offers additional development potential, with a pad at Central Avenue and 105th Street that would benefit from the site's existing parking supply.
The property occupies the southeast corner of Central Avenue and 103rd Street, adjacent to Richards High School and a short distance from the 95th Street Retail Corridor. An oversized parking area serves the existing center. The southern portion of the parcel offers additional development potential, with a pad at Central Avenue and 105th Street that would benefit from the site's existing parking supply.
Key Highlights
- 26,331‑square‑foot multi‑tenant retail center on approximately 2.67 acres
- 8.15% CAP rate
- Existing tenants have recently renewed or extended their leases
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Dunkin' Donuts
Dining
9,904 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,485 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,226 visits/mo
0.3 miles
Beggars Pizza
Dining
4,814 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
2,827 visits/mo
0.5 miles
Demographics for 60453, IL
58,362
Population
23,115
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$82,493
Median Household Income
$48,810
Median Earnings
$1,310
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with renewed tenant commitments, annual escalations, substantial parking, and additional development potential.
Where is this shopping center located?
The property is located at 10345 S Central Ave Oak Lawn, IL.
What are key features of this property?
This property features: 26,331‑square‑foot multi‑tenant retail center on approximately 2.67 acres; 8.15% CAP rate; Existing tenants have recently renewed or extended their leases
