1652 Sibley Blvd Calumet City, IL 60409
- Retail properties
- 5,202 SF
- 0.36 lot acres
Current Use by Public Records
- Sunrize Cafe / Restaurant / Cafe
Property Details for 1652 Sibley Blvd
- Year built
- 1968
- Lot size
- 0.36 lot acres
- Property size
- 5,202 SF
- Property type
- Retail properties
Description
This exceptional Calumet City, Illinois retail property at 1652 Sibley Blvd presents a compelling owner-user or investment opportunity. The 5,202 square foot building, constructed in 1968, sits on a 0.36-acre lot and boasts a desirable Class B rating. Currently featuring multiple tenants with long-term leases, this property offers consistent rental income, making it an ideal owner-user scenario where rental income can offset mortgage expenses. The building's prime corner location in a high-traffic commercial area ensures excellent walk-in foot traffic. Additional benefits include ample parking (4.2 spaces per 1,000 sq ft) and a basement providing valuable storage space. The property is zoned Central and features a convenient 81 Walk Score and a 31 Transit Score. The asking price is $350,000, translating to a price per square foot of $67.28 and an attractive 8.57% cap rate. The APN is 29-12-226-025-0000. This is a rare chance to acquire a well-situated, income-producing retail property in a thriving commercial area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Calumet City
- County
- Cook
- State
- Illinois
- Longitude
- -87.5661
- Latitude
- 41.6231
