14444 Pulaski Rd Midlothian, IL 60445
- Community centers
- 6.21 lot acres
Feb 24, 2020
Current Use by Public Records
- Community centers
Property Details for 14444 Pulaski Rd
- Year built
- 1960
- Lot size
- 6.21 lot acres
- Property type
- Community centers
- APN
- 28-10-214-016
- APU
- 2810214016
Description
This exceptional Midlothian, IL commercial property, located at 14444 Pulaski Road, offers a compelling value-add investment opportunity. The 63,560 square foot property sits on a high-traffic corner, boasting 24,872 vehicles per day (VPD) at a signalized intersection. Anchored by strong tenants including the Illinois Department of Motor Vehicles, Sav-A-Lot Foods, and Family Dollar, the property generates nearly $480,000 in annual income. However, significant upside potential exists with over 19,000 square feet of leasable space currently available. The property benefits from its location within a Tax Increment Financing (TIF) district and enterprise zone, making it eligible for various incentives. Situated in a densely populated area with 15,288 residents within 1 mile and 267,225 within a 5-mile radius, this property offers exceptional visibility and access to a large consumer base. Currently priced to reflect a 9% capitalization rate, projections indicate a potential increase to over 12% once fully leased, promising substantial long-term growth and high returns for investors. This strategic location, strong tenant mix, and significant value-add potential make this a rare opportunity for investors seeking to maximize their returns. The asking price is $5,500,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,855,000
- ML approach
- $1,935,000
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Location Insight
- Map
- Local Demand
- City
- Midlothian
- County
- Cook
- State
- Illinois
- Longitude
- -87.719
- Latitude
- 41.6301
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
