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Partial Restaurant Buildout
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4816-4850 147th St, Midlothian, IL 60445

Partial restaurant buildout is in place with available suites sized for multiple operator footprints.

Property Size1,200 SF - 7,300 SF
Days on Market725

Property Features for 4816-4850 147th St

General Information

Standard status Active
Size 1,200 SF - 7,300 SF
Net Rentable 1,200 SF
Property subtype RETAIL
Lease Type SF/yr

Space & Availability

Available Space 1,200-7,300 SF
Space Use Restaurant

Additional Details

Anchor Co-Tenants CFX
Equipment Included No

Building Details

Tenancy Multi
Listing Agency: Network Commercial Real Estate
Listed By: Neil Haleem · License #37077037778HN
Source: Moodyscre
Added: Aug 5, 2024 Changed: Jul 30 Last Checked: Jul 30 at 4:29AM

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 Network Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail restaurant space offers a partial restaurant buildout already in place. The space is presented without equipment, and it can accommodate a range of restaurant footprints depending on the suite selected. Available units range from 1,200 SF to 7,300 SF, with multiple options between 1,800 SF, 3,700 SF, and 7,300 SF.

The property is located at 4816-4850 147th St in Midlothian, IL 60445. Public remarks indicate strong customer traffic, supported by nearby CFX (formerly Cardinal Fitness), which draws heavy traffic.

Overall, this configuration is well suited for restaurant concepts looking to start with existing buildout elements while selecting from multiple suite sizes.

Key Highlights

  • Partial restaurant buildout in place
  • No equipment included
  • Available suites from 1,200 SF to 7,300 SF

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Restaurant Law Firm Big Box & Wholesale Store Dental Office Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

621
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 55% Dining 45%
Thorntons Shops & Services
14,757 visits/mo 0.2 miles
White Castle Dining
13,374 visits/mo 0.1 miles
Exxon Shops & Services
11,866 visits/mo 0.0 miles
Dollar General Shops & Services
7,606 visits/mo 0.3 miles
Dunkin' Donuts Dining
6,656 visits/mo 0.1 miles

Demographics for 60445, IL

14,692
Population
6,228
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
4.3 sq mi
ZIP Area
3,417
Density / Sq Mi
$68,385
Median Household Income
$46,480
Median Earnings
$1,202
Median Rent
$201,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Partial restaurant buildout is in place with available suites sized for multiple operator footprints.
Where is this conventional restaurant located?
The property is located at 4816-4850 147th St Midlothian, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Partial restaurant buildout in place; No equipment included; Available suites from 1,200 SF to 7,300 SF
(708) 873-5540 Call to check price and availability
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