Oak Lawn, IL 60453,10301 Central AVE
Oak Lawn, IL 60453,10301 Central AVE
Oak Lawn, IL 60453,10301 Central AVE
Oak Lawn, IL 60453,10301 Central AVE
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$3,000,000

$3,439,000

12.8%
Est.Price: ?

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Est. payment /mo

26,331 SqFt


SOLD DATE : 08/10/2021

Key Details

Sold Price $3,000,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 26,331 sqft

Price per Sqft $113

MLS Listing ID 10552230

Sold Date 08/10/21

Year Built 1980

Annual Tax Amount $186,020

Tax Year 2018

Lot Dimensions 125 X 931

Property Sub-Type Retail/Stores

Property Description

Brookline Real Estate, LLC. is proud to present the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Oak Lawn. This asset is being offered at a 8.50% CAP rate with tremendous cash flow and continued growth. Central Plaza contains 26,331 square feet and is situated on approximately 2.67 acres. At the southeast corner of Central Avenue and 103rd Street, the center benefits greatly from its position next to Richards High School just blocks from the 95th Street Retail Corridor. The existing tenants at the center have all recently been renewed or extended, adding stability to the asset. The majority of tenants escalate on yearly basis creating additional equity and better future returns. The building is well-maintained including several recent upgrades and replacements. The center also provides a future development opportunity on the south end of its 2.67 acre lot. The pad sits directly on the corner of Central Avenue and 105th Street and would come with an abundance of parking given the current center's oversized parking lot.

Location

State IL

County Cook

Area Oak Lawn

Zoning COMMR

Interior

Cooling Central Individual

Fireplace N

Building

Level or Stories 1

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Midwest Real Estate Data (MRED) IDX
Listed by Dominick Cannata • Brookline Real Estate LLC
Bought with Dominick Cannata • Brookline Real Estate LLC
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