Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3200 159Th St Markham, IL 60428

    For Sale
    $1,050,000

    High-traffic retail center, excellent ROI.

    Property size:
    5,066 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 5,066 square foot neighborhood shopping center in Markham, Illinois, presents a compelling investment opportunity. Completely renovated in 2009, the property boasts a prime location on a heavily trafficked intersection of Kedzie Avenue and 159th Street, ensuring high visibility and foot traffic. The center is currently anchored by a diverse mix of established tenants including a currency exchange, Metro T-Mobile, JR Tobacco, and GoCredit, providing a stable income stream. Ample parking is available with space for 40 vehicles. The property also features prominent pedestal signage, maximizing brand exposure for tenants. Its strategic location offers easy access to the I-57 interchange, further enhancing its appeal to both customers and employees. Markham is a well-established residential community in south suburban Cook County, with a significant concentration of retail and commercial activity along 159th Street between the I-57 and I-294 expressways. This property offers a rare combination of strong tenant occupancy, excellent location, and significant upside potential for investors seeking a stable and profitable retail investment in a thriving community. The asking price is $1,050,000.

    Property Features for 3200 159Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,066 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Markham
    County
    Cook
    State
    Illinois
    Longitude
    -87.695
    Latitude
    41.60114

    Nearby Similar for Sale

    • $949,500
      Pending

      Markham Commercial Property For Sale

      5,400 SF commercial building on 1-acre site in Markham, IL.
      2920 159Th St, Markham, IL 60428
      View Details
    • $150,000
      0.91 Acres

      Markham Residential Income Opportunity

      Three-unit building on 0.91 acres near I-57.
      15742 Central Park Ave, Markham, IL 60428
      View Details
    • Contact for pricing
      5,066 SF

      Fully Occupied Retail Shopping Center

      5,066 SF retail center on busy Kedzie Avenue.
      3204 W 159Th St, Markham, IL 60428
      View Details
    • $516,000
      0.91 Acres

      Markham Industrial Land - 0.91 Acres

      Prime industrial land, high traffic, development potential.
      3710-3714 167Th St, Markham, IL 60428
      View Details
    • $150,000
      3,415 SF

      Markham Light Industrial Building

      Spacious warehouse, office & storage. Great location!
      15550 Kedzie Ave, Markham, IL 60428
      View Details
    • $949,500
      5,400 SF

      Markham Commercial Property - High Traffic!

      Prime Markham location, 5400 sq ft, high traffic count.
      2920 159Th St, Markham, IL 60428
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail center, excellent ROI.
    Where is this commercial real estate located?
    The property is located at 3200 159Th St Markham, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    (312) 338-3000
    Request Owner's contact information
    3200 159Th St Markham, IL 60428
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3200 159Th St
    Markham, IL 60428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3200 159Th St Markham, IL 60428
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.