Pacesetter Plaza
33,654 SF | 97% Leased | Retail Building | South Holland, IL 60473 | $4,340,000 ($129/SF) | 9% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,340,000
- Property Type
-
Retail
- Square Feet
- 33,654 SF
- Price / Square Foot
- $129
Listing Contacts
Brad Belden
Verified Profile
Zach Ofner
Verified Profile
- Property Info
Property Overview
Multi-tenant Retail For Sale: 9% CAP Rate Located only 20 miles from Downtown Chicago, South Holland is easily accessible through all major interstates. Pacesetter Plaza boasts a population of 222,624 and has over 900 businesses within 5 miles. The trade area has generated over $1 Billion in retail sales in past years. There is also a large student population from South Suburban College and Thornwood HS. Tenant mix includes national and local retailers including Family Dollar, Allstate, Subway, Harold's, and more. Pacesetter Plaza is easily accessible from I94 with a clover leaf on/off ramp heading North and South.
Property Details
- Class
- B
- Year Built
- 1965
- Stories
- 2
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 98,881 SF
Highlights
- Aggressive CAP rates.
- Value add opportunity with current average rent below $12 SF.
- All tenants on NNN lease with annual increases.
- Located within TIF district.
- Strong mix of national and local tenants located within commercial district.
- Heavily traveled 162nd Street seeing 35,600 VPD.
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