Property profile

3300 Chicago Rd South Chicago Heights, IL 60411

FOR SALE
Retail space
Property ID
US28-2433259
2.17 ac lot Built 1963
Entity Owned 3-yr Hold ~ Est. High Equity
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For Sale
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3300 Chicago Rd, South Chicago Heights, IL 60411
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Property summary

AI-generated overview

American Plaza, a 63,148 square foot, single-story retail and office center in South Chicago Heights, Illinois, offers a 3,750 square foot space for lease. This property, situated on a 4.55-acre lot at 3300-3332 Chicago Road (cross street: W Sauk Trail), boasts a prime location along a busy retail corridor, just 28 miles south of Chicago. Built in 1963 and extensively renovated in 2019, the center features 13 suites with 96% occupancy, anchored by established national retailers such as Save-A-Lot, O'Reilly Auto Parts, and Family Dollar. The available space is a "vanilla box" storefront unit, ideal for retail or office use, and includes large picture windows for optimal natural light. Building and pylon signage opportunities are available to enhance visibility. The property is zoned B-1 and has a Cook County APN of 32-32-213-015-0000; 32-32-213-016-0000, 32-32-213-021-0000. The minimum divisible space is 3,750 square feet, with a maximum contiguous space of 3,750 square feet. This presents a unique opportunity to establish a presence in a thriving retail environment with strong existing tenants.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Lot 2.17 ac (94,525 SF)
APN 32-32-213-021
UPID US28-2433259

Cap rate & NOI

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

Location

3300 Chicago Rd South Chicago Heights, IL 60411
South Chicago Heights metro Census 829500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.29M

Owner & transaction history

since 2023
Last sale
$3.4M
7 recorded transactions
2023
$3.4M
2023
Price N/A
2019
Price N/A
2011
Price N/A
2009
Price N/A
1997
$1.9M
1969
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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