Listing Agency: Lee & Associates | Chicago m***@lee-associates.com Show Phone

Listed By: Michael Petrik · License #475197246 Show Phone

Source: Moodyscre

Added: Nov 15, 2024 Changed: Jul 6 Last Checked: Aug 10 at 10:15AM

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Investment Insights

Based on property information with market context.

This is a freestanding 6,400 +/- SF retail building located in downtown South Holland, earmarked for a restaurant development. Architectural design concept plans for restaurant conversion are available. The property is situated in a charming neighborhood with local eateries and is conveniently close to 162nd St. (Rte 6). The Village is willing to partner with a new owner in the development of a parking area to the rear of the building. The property size is 6,391 square feet.

Key Highlights

• Freestanding 6,400 +/- SF retail building, suitable for restaurant development.
• Architectural design concept plans for restaurant conversion available.**
• Village partnership in developing a rear parking area.

Property Analytics

Current Use

Storefront properties

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Freestanding retail building suitable for restaurant development.

Where is this storefront property located?

The property is located at 16136 Chicago Rd IL.

What are key features of this property?

This property features: Freestanding 6,400 +/- SF retail building, **suitable for restaurant development**.; Architectural design concept plans for restaurant conversion available.**; Village partnership in developing a rear parking area.