8707-8855 Ridgeland Ave Oak Lawn, IL 60453
- Retail properties
- 137,843 SF
Current Use by Public Records
- Retail properties
Property Details for 8707-8855 Ridgeland Ave
- Property size
- 137,843 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
State Road Plaza, a thriving grocery-anchored shopping center, presents a compelling investment opportunity in Oak Lawn, Illinois. Strategically located in a densely populated Chicago submarket, just 12 miles southwest of the city's central business district, this property boasts exceptional visibility and accessibility. The center comprises a total of 137,843 square feet, with currently 12,454 square feet of vacant space available for lease. Five individual spaces are immediately available, ranging in size from 1,514 to 13,551 square feet, offering flexibility for a variety of retail tenants. The center enjoys a strong tenant mix, anchored by key national brands including Jewel-Osco, Blink Fitness, Pet Supplies Plus, and Dollar Tree, ensuring consistent foot traffic and a vibrant shopping environment. Located in Cook County, the property benefits from a robust local demographic, with over 146,000 people residing within a 3-mile radius, exhibiting an average household income of $81,163. This prime location and established tenant base make State Road Plaza an attractive proposition for businesses seeking high-traffic exposure and a strong return on investment. The multiple tenancy structure provides diverse income streams and opportunities for long-term growth. The available spaces offer a unique chance to establish a presence in a well-established and successful retail center.
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
- Oak Lawn
- County
- Cook
- State
- Illinois
- Longitude
- -87.7798
- Latitude
- 41.7338
