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$ 1,400,000
Est. payment /mo
Active Under Contract
5230 159th ST Oak Forest, IL 60452
8,000 SqFt
UPDATED:
09/14/2024 10:32 PM
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $175
MLS Listing ID 12053755
Annual Tax Amount $42,693
Tax Year 2023
Lot Dimensions 24396
Property Description
Explore this exceptional investment opportunity at 5230 159th St, Oak Forest, IL 60452. This standout retail property is ideally located at the busy corner of 159th Street and Latrobe Ave, drawing in a steady stream of foot traffic and featuring solid, long-term tenants for sustained business success. It's not just the location that's prime; this property also promises substantial income potential and robust cash flows. The site includes a freestanding building on a half-acre plot and offers extensive customer parking with 38 available spaces. The sale encompasses all fixtures, furniture, equipment (FF&E), and established goodwill. Presently valued at $1,060,000 (3rd party appraisal) with an additional $340,000 attributed to a thriving Coin Laundry and dry cleaning operation, this is a ripe prospect for any serious investor. Additional growth opportunities abound: the current business hours end at 5 PM daily, presenting the potential to increase revenue through extended hours. Furthermore, there are no vending or ancillary retail sales, avenues a new owner could develop. The Coin Laundry facility has been recently updated, with machines replaced within the last 5 to 10 years, ensuring lower maintenance costs and higher efficiency. Don't miss out on making a strategic investment in a property designed for success. All serious offers will be carefully considered. Secure this profitable venture today and watch your investment grow.
Location
State IL
County Cook
Area Oak Forest
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site
Building
Dwelling Type Bus / Bus w/Real Est
Level or Stories 1
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Kang • Coldwell Banker Realty