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    3200 159Th St Markham, IL 60428

    Sponsored
    For Sale
    $1,050,000

    High-traffic, fully occupied shopping center.

    Property size:
    5,066 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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.

    Property Features for 3200 159Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,066 SF

    Building Details

    Stories
    1

    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 Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Markham
    County
    Cook
    State
    Illinois
    Longitude
    -87.695222224504
    Latitude
    41.600989211146

    Nearby Comparable

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      5,066 SF

      Fully Occupied Retail Shopping Center

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      3204 W 159Th St, Markham, IL 60428
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      Markham Shopping Center Investment

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    Nearby Similar for Sale

    • $949,500
      Pending

      Commercial Property - High Traffic Location

      Versatile commercial property in a prime, high-traffic location.
      2920 159Th St, Markham, IL 60428
      View Details
    • $150,000
      0.91 Acres

      Markham Residential Income Opportunity

      Three-unit building on 0.91 acres near I-57.
      15742 Central Park Ave, Markham, IL 60428
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    • Contact for pricing
      5,066 SF

      Fully Occupied Retail Shopping Center

      5,066 SF retail center on busy Kedzie Avenue.
      3204 W 159Th St, Markham, IL 60428
      View Details
    • $516,000
      0.91 Acres

      Markham Industrial Land - 0.91 Acres

      Prime industrial land, high traffic, development potential.
      3710-3714 167Th St, Markham, IL 60428
      View Details
    • $150,000
      3,415 SF

      Markham Light Industrial Building

      Spacious warehouse, office & storage. Great location!
      15550 Kedzie Ave, Markham, IL 60428
      View Details
    • $1,050,000
      5,066 SF

      Markham Shopping Center Investment

      High-traffic retail center, excellent ROI.
      3200 159Th St, Markham, IL 60428
      View Details
    • $949,500
      5,400 SF

      Markham Commercial Property - High Traffic!

      Prime Markham location, 5400 sq ft, high traffic count.
      2920 159Th St, Markham, IL 60428
      View Details
    • $800,000
      2,832 SF

      Markham Restaurant & Retail Space

      Prime Markham location, 2,832 SF, drive-thru available.
      2941 159Th St, Markham, IL 60428
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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic, fully occupied shopping center.
    Where is this lifestyle center located?
    The property is located at 3200 159Th St Markham, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 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.
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    3200 159Th St Markham, IL 60428
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    Markham, IL 60428
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3200 159Th St Markham, IL 60428
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