562 Torrence AveCalumet City, IL 60409

Property Details for 562 Torrence Ave

Year built

2003

Lot size

0.07 AC

Property type

Commercial real estate

APN

29-12-415-031

APU

2912415031

Description

Exceptional investment opportunity: a 9-unit Class B shopping center located at 562-578 Torrence Ave, Calumet City, IL 60409. This 10,000 square foot property, built in 2008, sits on a 30,049 square foot lot and offers 50 parking spaces. Currently boasting 90% occupancy with strong tenants including Subway and Boost Mobile, the center generates a substantial net operating income (NOI) of $181,741, with a pro-forma NOI of $215,341. The asking price is $2,125,000, representing a current cap rate of 8.55% and a pro-forma cap rate of 10.13%. The property is zoned B and features a gross lease structure. This multi-tenant retail center presents a compelling investment opportunity due to its strong cash flow, established tenancy, and potential for increased profitability. The property's location in Cook County, Illinois, provides excellent access to a dense population base. This is a 100% ownership opportunity. Don't miss this chance to acquire a well-established, income-producing retail center in a desirable location. The property's current performance and future potential make it an attractive addition to any investment portfolio.

Location Insight

City

Calumet City

County

Cook

State

Illinois

Latitude

41.6198

Longitude

-87.5595

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].