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Multi-Tenant Retail Center Along 159th Street in Oak Forest: Value-Add Opportunity

5200-5214 West 159th Street, Oak Forest, IL 60452

  • For Sale $1,085,000
  • Property Type Retail - Strip
  • Property Size 11,930 SF
  • Lot Size 0.86 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1976
  • Date Updated Jan 20, 2022
The neighborhood retail center is located along the north side of 159th Street in Oak Forest, Illinois. Oak Forest is a southern suburb of Chicago and is a part of Cook County. The plaza finds itself apart of a retail corridor filled with a number of local and national retailers nearby. The center is also just east of the Tinley Park Shopping Center, which is home to national retailers such as The Home Depot, Menard's, Sam's Club, Aldi, Meijer, Bath & Body Works, The TIle Shop, Burlington Coat Factory, Lumber Liquidators and many more. Additionally, the property is two (2) miles west of Interstate-57 and two (2) blocks west of the Oak Forest Metra Station, thus providing easy accessibility.
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Location

  • City Oak Forest, IL
  • Neighborhood Oak Forest
  • Zip Code 60452
  • Market Chicago

Contacts

Andrew Rubin

Frontline Real Estate Partners

(847) 780-8062

Highlights

  • The one vacancy at the center is a second generation bar/restaurant
  • Well located at the corner of a signalized intersection along 159th Street, providing exposure to over 33,000 VPD
  • All four (4) tenants are on NNN leases
  • Opportunity to purchase an already cash flowing retail center with the ability to add value via lease-up of the second generation bar/restaurant space
  • Monument signage provides visibility and exposure to over 33,000 VPD
  • Property contains a 35-car parking lot with a ratio of 2.93/1,000 SF
  • Conveniently located within one (1) mile of Interstate-57 (I-57) and the Oak Forest Metra Station

Frequently Asked Questions

What is the total square footage of Multi-Tenant Retail Center Along 159th Street in Oak Forest: Value-Add Opportunity?

Multi-Tenant Retail Center Along 159th Street in Oak Forest: Value-Add Opportunity totals 11,930 square feet.

When was this property built?

Multi-Tenant Retail Center Along 159th Street in Oak Forest: Value-Add Opportunity was built in 1976.

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Contact Listing Broker

Andrew Rubin

Frontline Real Estate Partners

(847) 780-8062

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