Hickory Hills IL Real Estate & Commercial for Sale

Great Investment Opportunity. Solid Brick Building Consists of Four Total Units-Two Storefronts/Offices As Well As Two Apartments Upstairs. Fully Rented. Current Tenants To Stay Until End Of Current Leases, Maybe Longer. Ample Parking On Both Sides Of Building. Great Visibility On Corner Lot. Roof 2 Years, And Furnace 1 Year, A/C Unit-2016, New Flooring In One Of The Offices. Appliances Stay In Apartments As Well As Air Conditioners. Building Has Been Well Maintained.

We are proud to present the opportunity to acquire a value-add investment property including a 40,850 square foot multi-tenant retail center and three undeveloped outlots positioned in a strong, transit-oriented location in the Chicago suburb of Hickory Hills. This property offers tremendous upside and future NOI growth through the potential for development of the outlots. Furthermore, new ownership can add value by repositioning the below-market gross leases into NNN market rents. 87th Plaza contains 40,850 square feet and is situated on approximately 6.26 acres. At the southwest corner of 87th Street and 88th Avenue just south of I-294, the center benefits greatly from its position next to CVS and Shell Gas Station across from Hickory Hills Police Department. Anchored by recently-renewed variety store chain, Dollar General, the center is fully occupied by many internet-resistant tenants on long-term leases. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. The brick construction building has been beautifully maintained and offers its visitors 242 parking spots in a landscaped and well-kept lot. Three entrances on two separate roads aid traffic flow and allow tenants to operate smoothly. Cross access with CVS and Shell allows for entry for those customers as well. This asset has tremendous upside potential through future development and repositioning of the property.

FULLY OCCUPIED GREAT INVESTMENT IMMACULATE 4 STOREFRONTS ON A HEAVY TRAFFIC 87TH STREET, GREAT FRONTAGE. THIS WELL MAINTAINED SHOPPING STRIP CONSISTS OF 4 STOREFRONTS, 6200 SQUARE FEET BRICK BUILDING, 1/2 ACRE LOT, PLENTY OF PARKING SPACES, OVER 25 SPACES IN THE FRONT AND SOME IN THE BACK, NEWER HEATING & A/C IN THE THREE STOREFRONTS, AND NEW A/C, HEATING, PLUMBING, ELECTRICAL, FLOORING, NEW BATH, FRESHLY PAINTED IN UNIT 8037. 2 UNITS ARE RENTED, LONG-TERM TENANTS, FAST FOOD PAYING $1960, BARBERSHOP PAYING $1600 PER MONTH. TENANTS ARE RESPONSIBLE FOR ALL UTILITIES AND THE INTERIOR. REPAIRS. 2 STOREFRONTS JUST RECENTLY RENTED, $3,000 FOR RENT, FOR 2535 SQFT FULLY EQUIPPED FOR SUPERMARKET/RESTAURANT, AND ALL PIECES OF EQUIPMENT ARE INCLUDED IN THE SALE IF REQUESTED. WALL-TO-WALL BUILT-IN COOLERS, WALK-IN COOLERS, INDUSTRIAL-SIZE FREEZER, GRILLS, COLD CUT COMPARTMENTS, ETC... 1000 SQFT RENTED FOR $1000 NEWER ROOF. TAXES ARE APPEALED, AND THEY WILL BE REDUCED TO $35,000. TOTAL MONTHLY RENTAL INCOME $7560. SOLID STRONG LEASES.