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Listed by Jason Marcordesof Landmark Property Management, Inc.
$ 1,900,000
Est. payment | /mo
9,245 SqFt
$ 1,900,000
Est. payment | /mo
9,245 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 9,245 sqft
Price per Sqft $205
MLS Listing ID 12616814
Year Built 2002
Annual Tax Amount $81,229
Tax Year 2024
Lot Dimensions 247x125x263x125
Property Sub-Type Retail/Stores
Property Description
Strategically located, fully occupied retail strip center in the heart of Olympia Fields at 2520 Lincoln Highway, offering investors a rare opportunity to acquire a stabilized neighborhood center with upside potential. The property features 9,245 SF of net rentable area across six units with a strong mix of long-term tenants, including several occupants in place for 10+ years and nationally recognized credit tenants such as Bank of America and GameStop. Positioned on heavily traveled Lincoln Highway with approximately 27,500 vehicles per day, the center benefits from outstanding exposure, convenient access, and a prominent monument sign directly in front of the property. Situated across from Walmart Supercenter and surrounded by national retailers including McDonald's, Walgreens, Food 4 Less, O'Reilly Auto Parts, AT&T, and other major traffic generators, this location draws consistent consumer activity. Olympia Fields is one of the Southland's most established and affluent communities, with strong household incomes and a desirable suburban customer base. The property is also conveniently located near Western Avenue, Governors Highway, Interstate 57, and nearby Metra stations, providing strong regional connectivity for both customers and employees. This asset offers dependable in-place cash flow with potential future upside through rent adjustments and continued operational efficiencies. A strong long-term hold in a proven retail corridor, this property is well positioned to benefit from ongoing retail demand and inflation-resistant income growth.
Location
State IL
County Cook
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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