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$5,500,000
Est. payment /mo
63,560 SqFt
UPDATED:
01/09/2025 06:07 AM
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 63,560 sqft
Price per Sqft $86
MLS Listing ID 12262819
Year Built 1960
Annual Tax Amount $229,101
Tax Year 2022
Lot Dimensions 465X473X75X124X388X597
Property Description
**Prime Value-Add Commercial Opportunity in Midlothian** This property is located within a TIF district and enterprise zone and is eligible for incentives. Unlock the potential of this exceptional investment property located at **14400-46 South Crawford Ave., Midlothian**. Anchored by strong tenants such as the Illinois Department of Motor Vehicles, Sav-A-Lot Foods, and Family Dollar, this property boasts a current income of nearly 480,000 per year with significant upside potential, thanks to over 19,000 square feet of leasable space still available. ### **Key Highlights:** - **High Visibility & Traffic:** Positioned at a signalized intersection along Pulaski Road, seeing a robust **24,872 vehicles per day (VPD)**, with strong road frontage and multiple points of entry. - **Dense Population Base:** Surrounded by a thriving community, with **15,288 residents within 1 mile** and **267,225 within a 5-mile radius**. - **Exceptional Value-Add Potential:** Currently offered at a **9 cap **, with projections exceeding ** a 12 cap ** once fully leased, presenting a remarkable opportunity for long-term growth and high returns. With its **strategic location, strong tenant mix, and unparalleled value-add opportunity**, this property is ideal for savvy investors looking to maximize returns. Please note price reflects a 9 cap as more units are leased price will be adjusted Don't miss out on this high-yield commercial gem. **Contact us today** for additional information and to schedule a private showing!
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick,Block,Other
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Listed by George Venturella • Century 21 Circle