Current Use by Public Records
- Lifestyle centers
Property Details for 3200 159Th St
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fully occupied, 5,066 square foot neighborhood shopping center located at 3200 W 159th St, Markham, IL 60428. The property, situated on a hard corner with high visibility at the intersection of Kedzie Avenue and 159th Street, boasts a daily traffic count of 28,244 vehicles. The single-story building, renovated in 2009, features a diverse tenancy including a currency exchange, Metro T-Mobile, JR Tobacco, and GoCredit. Ample parking is available for 40 vehicles, further enhancing the property's appeal. The prominent pedestal signage ensures excellent visibility for tenants. The property sits on a substantial 36,149 square foot lot and is zoned C-1 for neighborhood shopping, aligning perfectly with its current use. The asking price is $1,050,000, translating to $207.26 per square foot. The property's strong tenant mix, high occupancy rate (100%), and strategic location near the I-57 interchange make it an attractive investment. Nearby retailers include Subway, Dunkin', Dollar Tree, AutoZone, and various restaurants. The 2023 property taxes totaled $39,527.45. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving south suburban Cook County community.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Markham
- County
- Cook
- State
- Illinois
- Longitude
- -87.6952
- Latitude
- 41.601
