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Property profile & analytics
OFF-MARKET
Lifestyle centers

49-59 North St Park Forest, IL 60466

12,600 SF
Property ID
Property summary
AI-generated overview

This exceptional 12,600 square foot free-standing retail shopping center in Park Forest, Illinois, presents a compelling investment opportunity. Located at 49-59 North Street, zip code 60466, the property boasts six individual 2,100 square foot units, each featuring office/mezzanine space and a bathroom. The building is well-maintained and features an asphalt stone roof, updated LED lighting, and all new emergency exit doors on the south side. The parking lot was completely redone in 2020, ensuring ample parking for tenants and customers. Further enhancing its appeal is a triple catch basin drainage system. This property is uniquely positioned to benefit from potential Class 8 tax incentives and is approved for cannabis-related businesses. The single-story building offers excellent visibility and accessibility, making it an ideal location for a variety of retail ventures. Its strong infrastructure and recent upgrades make it a low-maintenance, high-return investment. The property's location in Park Forest, Illinois provides access to a thriving community and strong consumer base. This is a rare opportunity to acquire a well-maintained, versatile retail center with significant upside potential.

Property profile
Verified
Property type Lifestyle centers
Total area 12,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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