17800-17960 Halsted St Homewood, IL 60430
- Lifestyle centers
- 209,188 SF
- 19.30 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 17800-17960 Halsted St
- Year built
- 1976
- Lot size
- 19.30 lot acres
- Property size
- 209,188 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 209,188 square foot power center in Homewood, IL, boasts 24 tenants, including T.J. Maxx, Ross, and Best Buy, achieving 92% occupancy and a $2,927,147 NOI. Situated on a 19.3-acre lot with 1,134 parking spaces, this seven-building, single-story property benefits from a prime location on a high-traffic intersection (nearly 50,000 vehicles per day) within a major retail corridor. Built in 1976 and renovated in 2005, the property features stable, healthy NOI growth via contractual rental increases. The property offers significant upside potential through leasing the remaining 8% vacancy and repurposing underutilized rear areas. Strong tenant base includes a mix of national brands and local businesses, with 13 tenants occupying the space for over 15 years. The property is conveniently located near Interstate 294 and 80, a Metra/Amtrak station, and a new casino development, further enhancing its value and attracting a large customer base of 216,386 people within a five-mile radius. The property's APN is 29-32-200-095 | 29-32-200-096 | 29-32-200-097 29-32-401-032 | 29-32-401-034 | 29-32-401-035 29-32-401-036 | 29-32-200-059 | 29-32-200-061. Rent commencement is December 31, 2024.
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
- Homewood
- County
- Cook
- State
- Illinois
- Longitude
- -87.6376
- Latitude
- 41.5648
