Building Details

Building Size 128,676 SF

Tenancy Multiple

Parking Ratio 6.15 per 1,000 SF

Spaces For Lease

at 22300 Governors Hwy Contact us

Suite 22344 $11/SF/Yr

Size

3,226 SF

Type

Retail

Lease Type

NNN

Availability

Active

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Suite 22320 $9/SF/Yr

Size

18,362 SF

Type

Retail

Availability

Active

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Suite 22330 $12/SF/Yr

Size

4,223 SF

Type

Retail

Availability

Active

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Listing Agency: Colliers - Rosemont, Illinois Show Phone

Listed By: Brad Belden · License #471.018723

Source: Crexi

Added: Apr 30, 2024 Changed: Aug 30 Last Checked: Aug 31 at 7:19PM

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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 Colliers - Rosemont, Illinois

Investment Insights

Based on property information with market context.

Governors Plaza is a shopping center with a renovated façade and a substantial anchor space available for lease. Existing occupants include the United States Postal Service, Dollar General, and Laundry World, creating a mix of postal, retail, and service uses within the property. The center was built in 1974 and includes 698 parking spaces, or 6.15 spaces per 1,000 sq ft.

The property fronts Governors Highway in Richton Park and sits at the signalized intersection of Sauk Trail and Governors Highway. Traffic along Governors Highway exceeds 49,000 vehicles daily. The plaza is positioned just south of Lincoln Mall and serves the southern Chicago suburb of Richton Park in Cook County.

Key Highlights

• Anchor space available within a renovated shopping center
• Existing tenants include the United States Postal Service, Dollar General, and Laundry World
• 698 parking spaces, or 6.15 spaces per 1,000 sq ft

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Big Box & Wholesale Store Dental Office

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

49,000 VPD

Traffic count

NNN (Triple Net)

Lease Type

$1.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

530

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60471, IL

13,155

Population

5,505

Households

2.4

Avg Household Size

40

Median Age

30%

College-Educated

95%

High-School Grad

4.0 sq mi

ZIP Area

3,289

Density / Sq Mi

$72,241

Median Household Income

$47,029

Median Earnings

$1,319

Median Rent

$200,800

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

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Central Court Plaza Shopping Center — Sauk Trail, Park Forest, IL 60466
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Frequently Asked Questions

What type of property is this?

Shopping center - Recently renovated center with anchor space, established tenants, and signalized access.

Where is this shopping center located?

The property is located at 22300 Governors Hwy Richton Park, IL.

What is the lease rate?

The lease rate is $9 SF/Yr.

What are key features of this property?

This property features: Anchor space available within a renovated shopping center; Existing tenants include the United States Postal Service, Dollar General, and Laundry World; 698 parking spaces, or 6.15 spaces per 1,000 sq ft