J.P. Morgan Chase Anchored 2-Tenant Center

  • $2,487,028
350, East 162nd Street, Thornton Junction, South Holland, Cook County, Illinois, 60473, United States of America

J.P. Morgan Chase Anchored 2-Tenant Center

350, East 162nd Street, Thornton Junction, South Holland, Cook County, Illinois, 60473, United States of America
  • $2,487,028

Overview

Property ID: 18550
  • Property Type
  • Retail Properties
  • 6000
  • sqft
  • N/A
  • Year Built

Description

Located at 350 East 162 Street, South Holland, Illinois, this JP Morgan Chase Anchored property is a double-tenant free-standing retail center. The subject property is positioned at just a 20-minute drive from downtown Chicago. It consists of a 6,000 sq.ft. retail space with ample parking and sits on a huge 0.57-acre parcel of land. The property is presently leased by JP Morgan Chase and CD One Price Cleaners. Because of being located at East 162 Street and South Park Avenue, this building sees a traffic count of more than 37,561 vehicles per day. The immediate area has a population of over 256,400 residents, having an average annual household income of more than $79,000.

The property is positioned in the middle of a Panera anchored Shopping center and a Walgreens. Several national and regional retailers are also present in the immediate area, including UPS, Burger King, Starbucks, Dunkin Donuts, T Mobile, State Farm, and MB Financial.

This investment property is suitable for a 1031 exchange.

Property Details – 

  • Property Type – Retail Property
  • Property Status – Available
  • Location – 350, East 162nd Street, Thornton Junction, South Holland, Cook County, Illinois, 60473, USA
  • Year of Construction – N/A
  • Lease Type – Absolute Net Lease
  • Lease Expiration – N/A
  • Property Size – 6000 sq.ft.

Details

Updated on April 21, 2020 at 4:40 am
  • Price: $2,487,028
  • Property Size: 6000 sqft
  • Year Built: N/A
  • Property Type: Retail Properties
  • Property Status: Available
  • Cap Rate: 7.00%
  • Lease Expiration: N/A
  • NOI: $174,092
  • Tenant: E 162nd St
  • Address 350, East 162nd Street, Thornton Junction, South Holland, Cook County, Illinois, 60473, United States of America
  • City South Holland
  • State/county Cook County
  • Zip/Postal Code 60473

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Ronnie Issenberg
  • Ronnie Issenberg

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Ronnie Issenberg
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