22 159Th StHarvey, IL 60426

Property Details for 22 159Th St

Year built

1965

Lot size

0.06 AC

Property type

Retail space

APN

29-19-205-009

APU

2919205009

Description

This exceptional free-standing retail building, located at 22 W 159th Street in Harvey, Illinois, presents a compelling investment opportunity. The property boasts a substantial 2,825 square feet of space, ideally suited for a variety of retail uses. Its prime location on a busy street ensures high visibility and significant foot traffic, maximizing potential customer reach. The building's free-standing design offers excellent independence and control, allowing for customized interior layouts and operational flexibility. The property sits on a lot with no acreage specified, making it a manageable and efficient space. Multiple points of access are available, enhancing convenience for both customers and staff. This property is priced competitively at $140,000, representing a strong value proposition in the current market. The building's strategic location and substantial square footage make it an attractive option for entrepreneurs and investors seeking a well-positioned retail space in a thriving community. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate occupancy and offers significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,334,576

  6.5%

  $1,231,916

  7%

  $1,143,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $927,250

  Geo Method

  $927,250

• Alternative Use

  Use

  Valuation

  Residential

  $1,039,167

  Hospitality

  $951,872

  Educational

  $791,946

  Medical

  $819,182

  Retail

  $1,231,916

Location Insight

City

Harvey

County

Cook

State

Illinois

Latitude

41.6006

Longitude

-87.6574

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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