562 Torrence AveCalumet City, IL 60409
For Sale
$2,125,000
9-unit retail center, high NOI, strong tenants.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- $2,125,000 asking price for a 10,000 square foot shopping center in Calumet City, IL.
- Class B, multi-tenant retail property with 9 units, 90% occupancy.
- Anchored by Subway and Boost Mobile, generating a current NOI of $181,741 and a pro-forma NOI of $215,341.
- 8.55% current cap rate, 10.13% pro-forma cap rate.
- Located at 562 Torrence Ave, Calumet City, IL 60409, on a 30,049 square foot lot with 50 parking spaces.
- Built in 2008, with a gross lease structure.
Property Details for 562 Torrence Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 10,000 SF
- Class
- B
- Year Built
- 2008
- Buildings
- 1
- Units
- 9
Location Insight
- City
- Calumet City
- County
- Cook
- State
- Illinois
- Latitude
- 41.619854070047
- Longitude
- -87.559426999508
562 Torrence Ave, Calumet City, Illinois
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - 9-unit retail center, high NOI, strong tenants.
- Where is the lifestyle center located?
- The property is located at 562 Torrence Ave Calumet City, IL.
- What is the asking price?
- The asking price for this property is $2,125,000.
- What are key features of this property?
- This property features: $2,125,000 asking price for a 10,000 square foot shopping center in Calumet City, IL.; Class B, multi-tenant retail property with 9 units, 90% occupancy.; Anchored by Subway and Boost Mobile, generating a current NOI of $181,741 and a pro-forma NOI of $215,341.
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