For Sale
$3,320,000

475 162Nd StSouth Holland, IL 60473

High-yield bank & medical office building.

Overview

Added:
Dec 11, 2024
Days on market:
116
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
475 162Nd St, South Holland, Illinois

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475 162Nd St
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