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$ 2,400,000
Est. payment | /mo
14,400 SqFt
$ 2,400,000
Est. payment | /mo
14,400 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 14,400 sqft
Price per Sqft $166
MLS Listing ID 12262900
Year Built 1987
Annual Tax Amount $118,588
Tax Year 2023
Lot Dimensions 230X290
Property Sub-Type Retail/Stores
Property Description
**Exceptional Investment Opportunity: Fully Leased Automotive Strip Plaza in Worth, IL** This **14,400 sq. ft. automotive strip center** presents a rare opportunity for savvy investors looking for a high-performing asset. Located along the highly trafficked 111th Street corridor, with traffic counts exceeding **27,000 vehicles per day**, this property offers unmatched visibility and accessibility. ### Key Highlights: - **Fully Leased:** Six separate units, each equipped with multiple drive-in doors, provide steady rental income from established tenants. - **Strong Cap Rate:** Generating an **8 cap rate** with annual lease escalations for consistent income growth. - **(NNN) Structure:** Offered as a NNN investment, minimizing landlord responsibilities. - **Prime Location:** Positioned in a thriving area, ideal for automotive and related businesses. - **Upside Potential:** Potential for future income growth through lease renegotiations or targeted improvements. Whether you're expanding your portfolio or entering the commercial real estate market, this property delivers excellent returns and long-term value. Don't miss this chance to own a standout automotive strip plaza in Worth, IL. Contact us today for more details and to schedule a private showing!
Location
State IL
County Cook
Area Worth
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
Structure Type Block
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Listed by George Venturella • Century 21 Circle
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "