3200 159Th StMarkham, IL 60428

For Sale
$1,050,000

High-traffic, fully occupied shopping center.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, 5,066 square foot neighborhood shopping center located at 3200 W 159th St, Markham, IL 60428. The property, situated on a hard corner with high visibility at the intersection of Kedzie Avenue and 159th Street, boasts a daily traffic count of 28,244 vehicles. The single-story building, renovated in 2009, features a diverse tenancy including a currency exchange, Metro T-Mobile, JR Tobacco, and GoCredit. Ample parking is available for 40 vehicles, further enhancing the property's appeal. The prominent pedestal signage ensures excellent visibility for tenants. The property sits on a substantial 36,149 square foot lot and is zoned C-1 for neighborhood shopping, aligning perfectly with its current use. The asking price is $1,050,000, translating to $207.26 per square foot. The property's strong tenant mix, high occupancy rate (100%), and strategic location near the I-57 interchange make it an attractive investment. Nearby retailers include Subway, Dunkin', Dollar Tree, AutoZone, and various restaurants. The 2023 property taxes totaled $39,527.45. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving south suburban Cook County community.

Highlights

  • Fully occupied 5,066 SF neighborhood shopping center with tenants including a currency exchange, Metro T-Mobile, GoCredit, and JR Tobacco.
  • 36,149 SF lot.
  • High-traffic corner location at Kedzie Avenue and 159th Street with 28,244 vehicles daily.
  • C-1 zoning for neighborhood shopping; 2023 property taxes: $39,527.45.

Property Details for 3200 159Th St

Property type
Lifestyle centers, Power centers
Square Feet
5,066 SF
Stories
1

Location Insight

City
Markham
County
Cook
State
Illinois
Latitude
41.600989211146
Longitude
-87.695222224504
3200 159Th St, Markham, Illinois

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3200 159Th St
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