• An Award Winning Net Lease & Retail Commercial Real Estate Group

J.P. Morgan Chase Anchored 2-Tenant Center

350 E 162nd St, South Holland, IL 60473, USA
$2,487,028

Description

Marcus & Millichap is pleased to offer for sale this JP Morgan Chase Anchored Two Tenant free standing retail center located at 350 East 162 Street in South Holland Illinois, just a short 20-minute drive to downtown Chicago.
The subject property consists of a 6,000 square foot retail space with ample parking on a .57-acre parcel. Currently leased by JP Morgan Chase and CD One Price Cleaners, this center is strategically located at East 162 Street and South Park Avenue with combined traffic counts in excess of 37,561 vehicles per day. The immediate area benefits from over 256,400 full time residences with a house hold income exceeding $79,000 per year.
The subject property is situated in between a Panera anchored Shopping center and a Walgreens. There are numerous National and Regional retailers in the immediate area including UPS, Burger King, Starbucks, Dunkin Donuts, T Mobile, State Farm and MB Financial to name a few.

  • Rare JP Morgan Chase Anchored Center with Strong Deposit Base (20% Deposit Increase since 2016)
  • Over 256,400 Residents in the Market Area
  • Affluent Demographics: Average Household Income Exceeds $79,000 in a One Mile Radius
  • Dense Population: 256,400 People in 5 Mile Radius
  • Situated in between a Panera Bread Anchored Shopping Center and a Walgreens
  • Short 20 Minute Drive to downtown Chicago

Property Documents

  • Chase-and-Dry-Cleaner-South-Holland-IL-om-ib
  • City: South Holland
  • State/county: Illinois
  • Zip/Postal Code: 60473
  • Country: United States

Detail

  • Price: $2,487,028

Additional details

  • CAP Rate: 7.00%
  • NOI: $174,092

Features