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    3500 183Rd St Hazel Crest, IL 60429

    Sponsored
    For Sale
    $900,000

    High-traffic grocery store, excellent ROI.

    Property size:
    13,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a well-established grocery store located at 3500 183rd Street in Hazel Crest, Illinois. The property boasts a substantial 13,250 square feet of retail space situated on approximately 1.84 acres of land. Its prime location on 183rd Street ensures high visibility and accessibility, with a documented traffic count of 14,800 vehicles per day. The asking price for this turnkey operation is $900,000, translating to a price per square foot of $67.92. The property's 2022 tax assessment totaled $197,106.03. The property's PIN number is 28-35-400-015. This established business offers a strong foundation for continued success and significant return on investment. The substantial square footage and high traffic volume make this a rare opportunity in the competitive grocery market. Serious inquiries are encouraged to explore this lucrative investment prospect further. Detailed financial records and operational data are available upon request. This property is zoned for retail use and is ready for immediate occupancy.

    Property Features for 3500 183Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,250 SF

    HighLights

    • 13,250 SF grocery store on ~1.84 acres in Hazel Crest, IL.
    • High‑visibility location on 183rd Street with 14,800 VPD.
    • $900,000 asking price ($67.92/SF).
    • 2022 tax assessment: $197,106.03; PIN: 28‑35‑400‑015.
    • Turnkey operation with strong ROI potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazel Crest
    County
    Cook
    State
    Illinois
    Longitude
    -87.7025587
    Latitude
    41.5577976

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic grocery store, excellent ROI.
    Where is this individual retail property located?
    The property is located at 3500 183Rd St Hazel Crest, IL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 13,250 SF grocery store on ~1.84 acres in Hazel Crest, IL.; High-visibility location on 183rd Street with 14,800 VPD.; $900,000 asking price ($67.92/SF).
    Request Owner's contact information
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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
    3500 183Rd St Hazel Crest, IL 60429
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