Signalized Strip
For Sale
$875,000
17100 Dixie Hwy, Hazel Crest, IL 60429
Neighborhood retail center with shallow-depth bays, ample parking, and access from a signalized intersection near I-294.
Property Size9,600 SF
Price / SF$91.15
Days on Market150
Property Features for 17100 Dixie Hwy
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Shopping Strip
Occupancy
90%
Site & Location
Corner Location
Yes
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
9%
Amenities
High-Yield Shopping Center Offered at a 9.00 Percent Cap Rate on In-Place Income
90 Percent Occupied, Providing a New Owner the Ability to Push an Already Above-Market Return
Investors can Achieve a Year Two Cap Rate of 11.13 Percent by Leasing the 978-Square-Foot Vacant Space at a Market Rent of $21 per Square Foot
Current Ownership Recently Signed a Lease for 2,000 Square Feet, Establishing Clear Demand for Space Here
Most tenants reimburse for substantial portions of their pro rata shares of CAM, insurance, and real estate taxes, due to the leases in place
Most Tenants Reimburse for Substantial Portions of their Pro Rata Shares of CAM, Insurance, and Real Estate Taxes, Due to the Leases in Place
Located Directly off the I-294 Highway, at the Signalized Intersection of Dixie Hwy and 171st Street | Combined Traffic Count of Over 15,000 Vehicles per Day
Building Details
Building Size
9,600 SF
Year Built
2007
Tenancy
Multi
Listing Agency:
Chicago Downtown Office
(312) 327-5494
Listed By:
Coult Greenwell · License #IL: 475207174
(312) 327-5494
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 2:31AM
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 Chicago Downtown Office
Investment Insights
Based on property information with market context.
Built in 2007, this strip mall contains shallow-depth retail bays, ample parking, and a well-maintained physical presentation. The center includes one vacant unit representing 10% of the total space, while a recently executed lease covers approximately 2,000 SF. Existing occupants operate under Modified Net leases with reimbursements for CAM Expenses, Insurance, partial Management Fees, and their pro rata share of real estate tax increases over the base year expense.
The property is positioned at the signalized intersection of Dixie Hwy and 171st St in Hazel Crest, directly off I-294. Dixie Hwy provides exposure to 15,000 vehicles per day, and more than 75,000 people live within three miles. Average household incomes within that radius exceed $91,000 annually.
The property is positioned at the signalized intersection of Dixie Hwy and 171st St in Hazel Crest, directly off I-294. Dixie Hwy provides exposure to 15,000 vehicles per day, and more than 75,000 people live within three miles. Average household incomes within that radius exceed $91,000 annually.
Key Highlights
- Built in 2007 at 17100 Dixie Hwy, Hazel Crest, IL 60429
- Signalized intersection of Dixie Hwy and 171st St, directly off I‑294
- 9,422 square foot neighborhood retail center
Property Analytics
Property Profile
Current Use
Lease Details
15,000 VPD
Traffic count
90%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 60429, IL
14,683
Population
5,969
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
92%
High-School Grad
4.1 sq mi
ZIP Area
3,581
Density / Sq Mi
$62,231
Median Household Income
$43,120
Median Earnings
$1,440
Median Rent
$180,800
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?
Strip mall - Neighborhood retail center with shallow-depth bays, ample parking, and access from a signalized intersection near I-294.
Where is this strip mall located?
The property is located at 17100 Dixie Hwy Hazel Crest, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Built in 2007 at 17100 Dixie Hwy, Hazel Crest, IL 60429; Signalized intersection of Dixie Hwy and 171st St, directly off I‑294; 9,422 square foot neighborhood retail center
