Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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:
    391
    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

    Nearby Comparable

    • $800,000
      13,250 SF

      Retail Property on 1.84 Acres

      13,250 SF retail building on 1.84 acres for sale.
      3500 W 183Rd St, Hazel Crest, IL 60429
      View Details
    • $190,000
      1,350 SF

      Luxury Condo in Adult Community

      Renovated 2-bedroom, 2-bath condo in Hazel Crest's Waters Edge.
      3505 Lakeview Dr, Hazel Crest, IL 60429
      View Details
    • $167,000

      Homewood Condo with Attached Garage

      Spacious 3 bed, 2 bath condo with in-unit laundry.
      3251 184Th St, Homewood, IL 60430
      View Details
    • Contact for pricing
      12,675 SF

      Multi-Tenant Retail Center For Sale

      12,675 SF multi-tenant retail center in Homewood, Illinois.
      18320-18336 S Kedzie Ave, Homewood, IL 60430
      View Details
    • $240,000

      Move-in Ready Home with Amenities

      3 bed, 2.5 bath home in Homewood Flossmoor school district.
      18650 Golfview Dr, Hazel Crest, IL 60429
      View Details
    • $189,900

      Spacious Condo with Garage

      Two-bedroom, two-bath condo with garage near amenities.
      18302 Robin Ln, Homewood, IL 60430
      View Details
    • $1,555,000
      18.00 Acres

      Hazel Crest Commercial Land - 18 Acres

      Prime 18-acre commercial lot in Hazel Crest, IL.
      175th St, Hazel Crest, IL 60429
      View Details
    • $400,000
      6.81 Acres

      Medical Office Condo Near Hospital

      Medical office condo with separate entry near Advocate South Hospital.
      3330 W 177Th St, Hazel Crest, IL 60429
      View Details
    • $690,000
      2.00 Acres

      Homewood Land with Golf Course View

      Two-acre land suitable for residential, commercial, or mixed-use development.
      19020 Kedzie Ave, Homewood, IL 60430
      View Details
    • $35,000
      0.07 Acres

      Remodeled Yoga & Dance Studio

      Yoga & Pole Dancing Studio in Country Club Hills.
      4057 w 183 St 183 Ave, Country Club Hills, IL 60478
      View Details

    Nearby Similar for Sale

    • $400,000
      6.81 Acres

      Medical Office Condo Near Hospital

      Medical office condo with separate entry near Advocate South Hospital.
      3330 W 177Th St, Hazel Crest, IL 60429
      View Details
    • $30,000
      0.06 Acres

      Hazel Crest Commercial Opportunity

      Commercial property in Hazel Crest, IL, ready for renovation.
      1739 W 170Th St, Hazel Crest, IL 60429
      View Details
    • $30,000
      0.06 Acres

      Hazel Crest Retail Opportunity

      2,500 sq. ft. commercial retail property in Hazel Crest, IL.
      1735 170Th St, Hazel Crest, IL 60429
      View Details
    • $190,000
      1,350 SF

      Luxury Condo in Adult Community

      Renovated 2-bedroom, 2-bath condo in Hazel Crest's Waters Edge.
      3505 Lakeview Dr, Hazel Crest, IL 60429
      View Details
    • $240,000

      Move-in Ready Home with Amenities

      3 bed, 2.5 bath home in Homewood Flossmoor school district.
      18650 Golfview Dr, Hazel Crest, IL 60429
      View Details
    • $800,000
      13,250 SF

      Retail Property on 1.84 Acres

      13,250 SF retail building on 1.84 acres for sale.
      3500 W 183Rd St, Hazel Crest, IL 60429
      View Details
    • $2,450,000
      8,068 SF

      17499 Dixie Hwy

      Lifestyle centers • 8,068 SF
      17499 Dixie Hwy, Hazel Crest, IL 60429
      View Details

    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
    3500 183Rd St Hazel Crest, IL 60429
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3500 183Rd St
    Hazel Crest, IL 60429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.