2849 159th St Markham, IL 60428-4001
- Commercial real estate
- 0.76 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2849 159th St
- Year built
- 1964
- Lot size
- 0.76 lot acres
- Property type
- Commercial real estate
- APN
- 28-24-200-004
- APU
- 2824200004
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,345-square-foot Circle K storefront located at 2849 W 159th St, Markham, IL 60428. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $230,000. Currently operating under a corporate-guaranteed Absolute NNN lease with seven years remaining, the lease includes four, five-year renewal options, ensuring long-term stability and predictable cash flow. Scheduled rental increases are built into the lease structure. The single-story building, constructed in 1964, sits on a 0.43-acre lot and includes 14 parking spaces. The property is zoned C-2 and benefits from its strategic location near Interstate 294 (111,100 vehicles per day), placing it within a thriving retail corridor. The strong demographics within a five-mile radius further enhance the investment potential. The property's features include a 100% occupancy rate and minimal landlord responsibilities, making it an ideal addition to any portfolio. The Cook County property (APN 28-24-200-004) offers a secure and lucrative investment with significant upside potential. This is a rare opportunity to acquire a well-established, high-performing retail property with a national tenant and a long-term lease.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $390,000
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Location Insight
- Map
- Local Demand
- City
- Markham
- County
- Cook
- State
- Illinois
- Longitude
- -87.6861
- Latitude
- 41.6003
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
