Property profile

2520 Lincoln Hwy Olympia Fields, IL 60461

OFF-MARKET
Commercial real estate
Property ID
US28-5669645
0.86 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,200 square foot retail space is located at 2520 Lincoln Highway in Olympia Fields, Illinois, 60461, offering a prime opportunity for businesses seeking high visibility and convenient access. Situated in a bustling retail center across from a newly developed Walmart Supercenter, this space benefits from over 31,000 vehicles passing daily. The property boasts a conspicuous monument sign ensuring excellent visibility for your business. The building, constructed in 2002, is a Class B property with a total of 9,245 square feet and six suites. This multi-tenant building is zoned B-5 and offers ample parking for both customers and tenants. Strong co-tenants include GameStop, Bank of America, and Dotty's, creating a vibrant shopping atmosphere. The space is ideal for a variety of business types and offers easy access from Western Avenue. This is a rare opportunity to establish your business in a thriving community that supports both local and national enterprises. The property is categorized as Retail, Office, with subtypes including Medical Office, Creative Office, and Traditional Office. One space of 1,200 square feet is currently available for lease.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Lot 0.86 ac (37,652 SF)
APN 31-24-401-014
UPID US28-5669645

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Specialty Food Shop Fish Market
  • Dental Office
  • Arcade & Gaming Center Electronics & Wireless Store
  • Atm

Location

2520 Lincoln Hwy Olympia Fields, IL 60461-1960
Olympia Fields metro Census 830005 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.86M

Owner & transaction history

since 2021
Last sale
$1.7M
7 recorded transactions
2021
$1.7M
2016
Price N/A
2015
$875,500
2015
Price N/A
2007
Price N/A
2007
$2.9M
2001
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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