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Markham Retail Outlot For Sale
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2941 W 159th St, Markham, IL 60428

Retail property in a high-traffic location with drive-thru availability.

Property Size2,832 SF
Price / SF$282.49
Days on Market1195

Property Features for 2941 W 159th St

General Information

Standard status Active
Size 2,832 SF
Property subtype Retail

Building Details

Buildings 1
Stories 1
Units 1
Listing Agency: Ascend Real Estate Advisors
Listed By: Vladimir Ganz · License #INNN
Source: Crexi
Added: Jul 13, 2023 Changed: Oct 9 Last Checked: Oct 19 at 5:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ascend Real Estate Advisors

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Investment Insights

Based on property information with market context.

The subject property is a 2,832 square foot retail space located in Markham, IL, at the hard corner intersection of Kedzie Avenue and 159th Street. This location is central to accessing neighboring communities via Interstates I-57 and I-294. Situated as an outlot in front of a 265,000 square foot shopping center, the property benefits from high visibility and is surrounded by other retail businesses. The intersection sees over 40,000 vehicles per day. The area includes residential dwellings, contributing to consistent through traffic to adjacent communities from the main highways. A drive-thru is available at this property, potentially suiting a variety of retail uses.

Key Highlights

  • High‑traffic location at the main intersection of Markham (Kedzie Ave and 159th Street) with over 40,000 vehicles per day.
  • Located at a hard corner, offering high visibility.
  • Drive‑thru available**.

Property Analytics

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Current Use

Retail properties & Spaces

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Building Supply Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

356
Businesses Nearby

Demographics for 60428, IL

11,351
Population
4,138
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
2,226
Density / Sq Mi
$53,059
Median Household Income
$39,861
Median Earnings
$1,686
Median Rent
$118,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail property - Retail property in a high-traffic location with drive-thru availability.
Where is this retail property located?
The property is located at 2941 W 159th St Markham, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: High‑traffic location at the main intersection of Markham (Kedzie Ave and 159th Street) with over 40,000 vehicles per day.; Located at a hard corner, offering **high visibility**.; Drive‑thru available**.
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