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Multi-Tenant Retail Center
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Pending

668 River Oaks Dr, Calumet City, IL 60409

Fully occupied retail property with two entrances, landscaped parking, and cross-access with Dunkin'.

Property Size22,197 SF
Lot Size1.13 Acres
Days on Market143

Property Features for 668 River Oaks Dr

General Information

Standard status Pending
Size 22,197 SF
Lot size 1.13 Acres
Property subtype Retail
Occupancy 100%

Additional Details

Cap Rate 10.58%
Anchor Co-Tenants Calumet City's Kids Academy

Building Details

Tenancy Multi
Listing Agency: Brookline Real Estate
Listed By: Dominick Cannata · License #IL 00000
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Sep 1 at 2:05AM

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 Brookline Real Estate

Investment Insights

Based on property information with market context.

This multi-tenant shopping center contains 22,197 square feet on approximately 1.13 acres. The property is 100% occupied by multiple tenants operating under long-term leases, with Calumet City's Kids Academy serving as an anchor. Site improvements include a landscaped parking lot, two entrances supporting circulation, and cross-access with Dunkin'.

Sherwood Plaza is located near the northwest corner of Burnham Avenue and River Oaks Drive, also identified as 159th Street, in Calumet City. The center is next door to Dunkin' and McDonald's and is positioned along the River Oaks retail corridor, which includes River Oaks Mall and numerous other retailers. The property is offered at a 10.58% CAP rate.

Key Highlights

  • 22,197‑square‑foot shopping center on approximately 1.13 acres
  • 100% occupied by multiple tenants with long‑term leases
  • Anchored by Calumet City's Kids Academy

Property Analytics

Current Use

Calumet City's Kids ... Daycare Center

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Pharmacy HVAC Service 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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby
46k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 69% Shops & Services 31%
McDonald's Dining
25,457 visits/mo 0.1 miles
Dollar General Shops & Services
9,295 visits/mo 0.1 miles
Mr. Submarine Dining
6,098 visits/mo 0.2 miles
Fifth Third Bank & ATM Shops & Services
3,730 visits/mo 0.5 miles
Value Pawn-Calumet City Shops & Services
1,340 visits/mo 0.3 miles

Demographics for 60409, IL

36,045
Population
16,868
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
88%
High-School Grad
7.7 sq mi
ZIP Area
4,681
Density / Sq Mi
$53,991
Median Household Income
$37,389
Median Earnings
$1,138
Median Rent
$133,600
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

  • Market Square 1512 W Market St, Mackinaw, IL 61755
  • River Oaks Center 96 River Oaks Center Dr, Calumet City, IL 60409
  • River Oaks Shopping Mall 96 River Oaks Center Dr, Calumet City, IL 60409

Frequently Asked Questions

What type of property is this?
Shopping center - Fully occupied retail property with two entrances, landscaped parking, and cross-access with Dunkin'.
Where is this shopping center located?
The property is located at 668 River Oaks Dr Calumet City, IL.
What are key features of this property?
This property features: 22,197‑square‑foot shopping center on approximately 1.13 acres; 100% occupied by multiple tenants with long‑term leases; Anchored by Calumet City's Kids Academy
(630) 590-5910 Call to check price and availability
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