6955 111Th St Worth, IL 60482
- Retail properties
- 17,059 SF
Current Use by Public Records
- The Weekend Closet / Thrift Store / Clothing Store
Property Details for 6955 111Th St
- Year built
- 1967
- Property size
- 17,059 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional estate sale presents a unique opportunity to acquire a seven-unit, 17,059-square-foot retail property located at 6955-6969 W. 111th Street in Worth, Illinois. The property, built in 1967, boasts 100% occupancy as of June 7, 2024, with long-term tenants on modified-term leases. Currently operating at below-market rates, this presents a significant value-add opportunity for investors. The asking price is $1,660,000, reflecting a 6.11% cap rate based on a net operating income (NOI) of $101,371. The property features 40 parking spaces and sits on a 30,544-square-foot lot, zoned B1. Its prime location on the southeast corner of 111th Street and Worth Avenue, one block from the Metra station, ensures high visibility and traffic. The surrounding area includes numerous established retailers, further enhancing its appeal. This single-story building is part of a three-property portfolio available for sale individually or as a package. The property's assessed value supports the asking price. This is a distressed sale, offering a compelling investment opportunity for those seeking a value-add project with strong potential for increased returns. The property's address is 6955 W 111th St, Worth, IL 60482, with APN numbers 24-19-105-002-0000, 24-19-105-026-0000, 24-19-105-027-0000, and 24-19-106-006-0000.
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
- Worth
- County
- Cook
- State
- Illinois
- Longitude
- -87.793
- Latitude
- 41.6901
