1501 Sibley BlvdCalumet City, IL 60409

For Sale
Call for price
8-unit retail center, strong NOI, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a well-maintained, 8-unit shopping center ideally situated at 1501 Sibley Blvd in Calumet City, Illinois, zip code 60409. The property boasts a total of 10,018 square feet, with 10,000 square feet of net rentable space, currently enjoying an 87.5% occupancy rate. Built in 1980 and renovated in 2011, this single-story, Class C retail center sits on a substantial 34,099 square foot lot. The property features a ten-year-old roof and a recently sealed and restriped parking lot. The strong financial performance is evidenced by a Net Operating Income (NOI) of $101,629. Its prime location across from Caroline Sibley Elementary School on Sibley Boulevard, a thoroughfare with 30,000 vehicles per day, ensures high visibility and accessibility. This multi-tenant property offers a compelling investment opportunity with significant potential for growth and return. The property is offered for sale as a fee simple ownership.

Highlights

  • 10,000 SF net rentable retail shopping center in Calumet City, IL.
  • 8-unit multi-tenant property with 87.5% occupancy.
  • Strong NOI of $101,629.
  • Class C building constructed in 1980, renovated in 2011, situated on a 34,099 SF lot.
  • Located at 1501 Sibley Blvd, Calumet City, IL 60409, across from Caroline Sibley Elementary School, with high traffic volume (30,000 VPD).

Property Details for 1501 Sibley Blvd

Property type
Lifestyle centers, Power centers
Square Feet
10,018 SF
Class
C
Year Built/Renovated
1980/2011
Buildings
1
Stories
1
Units
8

Location Insight

City
Calumet City
County
Cook
State
Illinois
Latitude
41.6224935
Longitude
-87.5617399
1501 Sibley Blvd, Calumet City, Illinois

FAQs

What type of property is this?
Lifestyle center - 8-unit retail center, strong NOI, high occupancy.
Where is the lifestyle center located?
The property is located at 1501 Sibley Blvd Calumet City, IL.
What are key features of this property?
This property features: 10,000 SF net rentable retail shopping center in Calumet City, IL.; 8-unit multi-tenant property with 87.5% occupancy.; Strong NOI of $101,629.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1501 Sibley Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message