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John Groebe
Mobile Phone:
708-878-7711
groebe@earthlink.net
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John Groebe
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Mobile Phone:
708-878-7711
groebe@
earthlink.net
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SOLD
$3,000,000
Date 08/10/2021

10301 Central Avenue
Oak Lawn, IL 60453

Retail, Business Opportunities
Commercial
26,331
Sq. Ft.
2.654
Acre Lot
Courtesy: Brookline Real Estate LLC
Home> Illinois> Oak Lawn> 60453
Brookline Real Estate, LLC. is proud to present the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Oak Lawn. This asset is being offered at a 8.50% CAP rate with tremendous cash flow and continued growth. Central Plaza contains 26,331 square feet and is situated on approximately 2.67 acres. At the southeast corner of Central Avenue and 103rd Street, the center benefits greatly from its position next to Richards High School just blocks from the 95th Street Retail Corridor. The existing tenants at the center have all recently been renewed or extended, adding stability to the asset. The majority of tenants escalate on yearly basis creating additional equity and better future returns. The building is well-maintained including several recent upgrades and replacements. The center also provides a future development opportunity on the south end of its 2.67 acre lot. The pad sits directly on the corner of Central Avenue and 105th Street and would come with an abundance of parking given the current center's oversized parking lot.
10552230
Commercial - Retail, Business Opportunities, 1 Story
1980
Cook
2.654 Acres
1
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Brookline Real Estate LLC
Listings courtesy of MRED as distributed by MLS GRID

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