2941 159Th St Markham, IL 60428
This exceptional 2,832 square foot retail property, situated on a 0.55-acre lot in Markham, Illinois, presents a unique investment opportunity. Located at the hard corner of Kedzie Avenue and 159th Street, this single-story building benefits from high visibility and significant traffic volume. The property enjoys a prominent position as an outlot directly in front of a substantial 265,000 square foot shopping center, ensuring high foot traffic and brand recognition. The intersection sees over 40,000 vehicles daily, capitalizing on the substantial through-traffic connecting neighboring communities via major interstates I-57 and I-294. Surrounded by residential areas, this location offers convenient access for local residents. The property is zoned for restaurant and storefront uses, and importantly, a drive-thru option is available, enhancing its appeal and potential for various businesses. The asking price is $800,000, translating to $282.49 per square foot. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for a savvy investor or business owner seeking a high-traffic, well-located space in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.