Properties

Features
: Central Air
Address Map
US
IL
Cook
South Holland
60473
162nd
629-645
Street
W88° 23' 34.8''
N41° 36' 3.1''
Interstate 94 to 162nd St (US 6), exit west past Cottage Grove Av, to site on south side of street.
South Holland
South Holland
E
E
COMMR
Additional Information
6250
Retail
: Commercial , Legal Non Conforming , Medical/Dental
Separate Meters
Separate Meters
124x148
4
4
1
L & B All Star Realty Advisors LLC
Ira Lauter
Financial
Not Applicable
62549.4
Listing Information
114116
86022
MRED
Listing Information
Active
2026-09-05T05:06:08Z
2026-09-05T05:05:13Z
Property Description

South Holland Retail Strip building, located on well-traveled thoroughfare with good visibility. The building consists of four units with a total area of 6250 sqft. Construction is all masonry, built in 2008, with layout typical of in-line retail strip centers. Each unit is accessible from the street-facing side, with employee-only entrance/exit door on the rear side of the building. Unit 645, Seafood Junction, with a 1200 sqft area, on a Modified Gross terms has a projected yearly rent of $34,067/$28.18 per sqft. Unit 641, Flavor Addicts, with a 1200 sqft area, on a Modified Gross terms has a projected yearly rent of $36,000/$30.00 per sqft. Unit 637, is vacant. The projected rent as stabilized, should follow that of unit 641, with favorable terms. Units 629-633, combined units, with Serenity Home Health, is leased at $34,161/$21.03 sqft on Triple Net lease terms. Fully stabilized projected income is at $140,227, with expense reimbursements at $38,700, giving gross potential at $178,927. Effect gross income is at $173,560. Projected expenses at 101,351. NOI is calculated at $72,208 with vacancy and collection loss at 3.00%, which is consistent with market expectations. Current as is capitalization rate applied is 8%. Building is in good condition. Overall lot area is 18,393 sqft, with an asphalt paved parking area with 30 spaces.

Commercial Sale For Sale

629-645 E 162nd Street, South Holland, Illinois 60473

  • Lot Size: 0.43 Acre
$900,000
Listing ID#12746756
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12746756
Price : $900,000
Year Built : 2008
Lot Size : 0.43 Acre
Listing Status : Active
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