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Multi-Tenant Retail Plaza
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4740 147th St, Midlothian, IL 60445

Multi-tenant retail plaza offered for sale at 4740 147th St in Midlothian, IL.

Property SizeContact for details
Days on Market120

Property Features for 4740 147th St

General Information

Standard status Active
Property subtype Retail
Listing Agency: CENTURY 21 Circle
Listed By: George Venturella · License #IL475144709
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 7:26PM

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 CENTURY 21 Circle

Investment Insights

Based on property information with market context.

Offered for sale, this multi-tenant retail plaza is positioned at 4740 147th St in Midlothian, IL 60445. The property is presented as an income-producing shopping plaza and is described as having outlot potential.

While exact unit mix and configuration are not detailed here, the center is marketed as a multi-tenant asset suitable for buyers seeking a retail plaza structure. The information provided also references a target 6% cap rate as part of the current offering discussion.

For additional due diligence, including available tenant information and any specifics related to outlot development opportunities, interested parties should request the offering materials.

Key Highlights

  • Multi‑tenant retail plaza for sale at 4740 147th St in Midlothian, IL
  • Presently offered at a 6 cap
  • Outlot potential reported for the property

Property Analytics

Current Use

Two Brothers Taco ... Restaurant

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Restaurant Building Supply Dental Office Storage Facility

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

Location Intelligence

Trade Area within ½ mile

256
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 62% Dining 33% Electronics 4%
Shell Shops & Services
14,653 visits/mo 0.2 miles
Dunkin' Donuts Dining
9,133 visits/mo 0.1 miles
Citgo Shops & Services
4,479 visits/mo 0.1 miles
Boost Mobile Electronics
1,361 visits/mo 0.1 miles
Captain D's Dining
1,052 visits/mo 0.2 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
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Similar Off Market Nearby

  • Blackhawk Center 147th St, Midlothian, IL 60445
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  • Tiffany Plaza 147th St, Midlothian, IL 60445
  • Mid Oak Plaza S Cicero Ave, Midlothian, IL 60445

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail plaza offered for sale at 4740 147th St in Midlothian, IL.
Where is this shopping center located?
The property is located at 4740 147th St Midlothian, IL.
What are key features of this property?
This property features: Multi‑tenant retail plaza for sale at 4740 147th St in Midlothian, IL; Presently offered at a 6 cap; Outlot potential reported for the property
More about this property
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