For Sale
$3,320,000

475 162Nd St South Holland, IL 60473

High-yield bank & medical office building.

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional investment opportunity in South Holland, IL, presents a fully stabilized, Class A retail property anchored by a prominent Fifth Third Bank branch. This 21,538 square foot building, situated on a 2.3-acre lot, boasts 75 parking spaces, four drive-through bays, and three drive-up ATMs. The property enjoys 100% occupancy with a strong tenant mix: Fifth Third Bank (lease expiring August 2026, with options extending to 2051) occupies the first floor, while a national medical tenant, accentCare, leases the second floor through May 2028. The property benefits from a triple-net (NNN) lease structure, a 9.25% cap rate, and a strong NOI of $307,171. The location features high traffic volume (38,000 vehicles daily), favorable demographics (average household income $66,478, consumer spending $2.1 billion), and superior rental and occupancy rates compared to the local market. The asking price is $3,320,000 ($154.15/sq ft). Zoned GB. Built in 1983. This is a rare opportunity to acquire a high-performing asset in a thriving market.

Highlights

  • $3,320,000 asking price for a stabilized Class A retail property.
  • 21,538 square feet, NNN lease, 100% occupancy with a 9.25% cap rate.
  • Anchored by Fifth Third Bank with a remaining lease term of 5 years (options to 2051).
  • Multi-tenant property with a second tenant, accentCare, leased through May 2028.
  • Located in South Holland, IL, on a 2.3-acre lot with 75 parking spaces, 4 drive-through bays, and 3 drive-up ATMs.

Property Details for 475 162Nd St

Property type
Retail properties, Banks
Square Feet
21,538 SF
Class
A
Year Built
1983
Lot Size (sq. ft)
100,188 SF
Units
2

Location Insight

City
South Holland
County
Cook
State
Illinois
Latitude
41.600435
Longitude
-87.6048666

FAQs

What type of property is this?
Retail property - High-yield bank & medical office building.
Where is the retail property located?
The property is located at 475 162Nd St South Holland, IL.
What is the asking price?
The asking price for this property is $3,320,000.
What are key features of this property?
This property features: $3,320,000 asking price for a stabilized Class A retail property.; 21,538 square feet, NNN lease, 100% occupancy with a 9.25% cap rate.; Anchored by Fifth Third Bank with a remaining lease term of 5 years (options to 2051).
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].
475 162Nd St
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