14444 Pulaski Rd Midlothian, IL 60445
This exceptional Midlothian, IL commercial property, located at 14444 Pulaski Road, offers a compelling value-add investment opportunity. The 63,560 square foot property sits on a high-traffic corner, boasting 24,872 vehicles per day (VPD) at a signalized intersection. Anchored by strong tenants including the Illinois Department of Motor Vehicles, Sav-A-Lot Foods, and Family Dollar, the property generates nearly $480,000 in annual income. However, significant upside potential exists with over 19,000 square feet of leasable space currently available. The property benefits from its location within a Tax Increment Financing (TIF) district and enterprise zone, making it eligible for various incentives. Situated in a densely populated area with 15,288 residents within 1 mile and 267,225 within a 5-mile radius, this property offers exceptional visibility and access to a large consumer base. Currently priced to reflect a 9% capitalization rate, projections indicate a potential increase to over 12% once fully leased, promising substantial long-term growth and high returns for investors. This strategic location, strong tenant mix, and significant value-add potential make this a rare opportunity for investors seeking to maximize their returns. The asking price is $5,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.