Meijer Outlot Value-Add Class A Retail Center | Chicago MSA
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in Orland Park, IL, US
Listing was updated on: 04/10/2021
Property Overview
| Price/Rent PSF | $ 1,950.00 |
| Asset Type | Retail |
| Secondary Asset Type | Office |
| Trade Type | Sale |
| SQ. FT. Available | 7364.00 |
| Date Available | 04/01/2021 |
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Description
MEIJER’S OUTLOT VALUE-ADD RETAIL CENTER OPPORTUNITY
Meijer’s Outlet Class A Newer Construction 7,364 SF Retail Center w/ Patio Built in 2006
Value-Add Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces
Outstanding Frontage & High Visibility Site Along Highly Traveled Major Retail Thoroughfare
Over 230 Linear Feet of Prime Frontage on S Harlem Ave w/ 45,500+ VPD (IL Route 43)
Situated Near Highly Traveled Signalized Intersection of S Harlem & 159th St w/ Combined Total Traffic Counts of Over 79,800+ VPD
Monumental Street Signage
Abundant Parking
Prime Major Retail Corridor Surrounded by Numerous National & Regional Retailers
Area Traffic Generators Include: Meijer, Home Depot, Sam’s Club, Menards, McDonald’s, Portillo’s, Hobby Lobby, Burlington, Aldi, UChicago Medicine at Ingalls Medical Campus to Name a Few
Dense Area w/ Over 195,485 People Living within 5 Miles w/ Average Annual Household Income in Excess of $103,862
Close Proximity to La Grange Road (U.S. Route 45), 159th St (U.S. Route 7), I-80, & I-57 Expressways
Location