14800 Pulaski Rd Midlothian, IL 60445-3402
- Retail space
- 0.76 lot acres
Current Use by Public Records
- Retail space
Property Details for 14800 Pulaski Rd
- Year built
- 1952
- Lot size
- 0.76 lot acres
- Property type
- Retail space
- APN
- 28-10-409-025
- APU
- 2810409025
Description
This exceptional investment opportunity presents a 10,800-square-foot Dollar Tree store in Midlothian, Illinois, on a 1.52-acre lot. Built in 1955, the property boasts a strong 8.24% cap rate and a substantial net operating income (NOI) of $86,400. The current lease, with Dollar Tree, a credit-rated tenant (S&P: BBB), commenced June 11, 2013, and extends to January 31, 2029, with two 5-year renewal options, each including a $0.50 per square foot rent increase. The property enjoys 100% occupancy and benefits from its strategic location on Pulaski Road (19,000 vehicles per day), near the intersection of Interstate 57 (125,300 VPD) and Interstate 294 (104,700 VPD). The high-traffic location is further enhanced by its proximity to 147th Street (21,400 VPD) and is within walking distance of Bremen Community High School. The surrounding area has a population exceeding 232,000, with an average household income of $92,180. Nearby national retailers include Firestone, McDonald's, and Old National Bank. The current rent is significantly below market rate ($8.00/SF vs. submarket $18.83/SF). This presents a compelling investment with a secure tenant and significant upside potential. The asking price is $1,049,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $355,000
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Location Insight
- Map
- Local Demand
- City
- Midlothian
- County
- Cook
- State
- Illinois
- Longitude
- -87.718
- Latitude
- 41.6232
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
