Current Use by Public Records
- Lifestyle centers
Property Details for 4065 Lincoln Hwy
- Year built
- 2007
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Class A, 6,000 square foot retail property, located at 4065 Lincoln Hwy in Matteson, Illinois (zip code 60443), presents a compelling investment opportunity. Built in 2007 and renovated in 2018, this single-story building boasts a strong 7.16% cap rate and a substantial net operating income (NOI) of $85,947. Currently operating at 100% occupancy, the property benefits from below-market rents and a prime location within a thriving retail center. The center is shadow-anchored by Pete's Fresh Market, a successful grocery chain with 16 locations in the Chicagoland area, which opened in 2021. This strategic location at a traffic light intersection sees high daily traffic volume, with 37,500 vehicles daily on Lincoln Hwy and 19,737 on Governors Hwy. The surrounding area demonstrates strong demographics, with a population of 72,543 within a 3-mile radius and a median household income of $61,351. The property is also conveniently located near bus route #357. This stabilized investment is offered at $1,200,000 ($200/sq ft) and is suitable for a 1031 exchange.
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
- Matteson
- County
- Cook
- State
- Illinois
- Longitude
- -87.7161
- Latitude
- 41.5061
