3300 Chicago RdSouth Chicago Heights, IL 60411

Property Details for 3300 Chicago Rd

Year built

1963

Lot size

2.17 AC

Property type

Retail space

APN

32-32-213-021

APU

3232213021

Description

American Plaza, a 63,148 square foot, single-story retail and office center in South Chicago Heights, Illinois, offers a 3,750 square foot space for lease. This property, situated on a 4.55-acre lot at 3300-3332 Chicago Road (cross street: W Sauk Trail), boasts a prime location along a busy retail corridor, just 28 miles south of Chicago. Built in 1963 and extensively renovated in 2019, the center features 13 suites with 96% occupancy, anchored by established national retailers such as Save-A-Lot, O'Reilly Auto Parts, and Family Dollar. The available space is a "vanilla box" storefront unit, ideal for retail or office use, and includes large picture windows for optimal natural light. Building and pylon signage opportunities are available to enhance visibility. The property is zoned B-1 and has a Cook County APN of 32-32-213-015-0000; 32-32-213-016-0000, 32-32-213-021-0000. The minimum divisible space is 3,750 square feet, with a maximum contiguous space of 3,750 square feet. This presents a unique opportunity to establish a presence in a thriving retail environment with strong existing tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $44,655,132

  6.5%

  $41,220,124

  7%

  $38,275,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,025,940

  Geo Method

  $31,025,940

• Alternative Use

  Use

  Valuation

  Residential

  $34,770,716

  Hospitality

  $31,849,788

  Educational

  $26,498,650

  Medical

  $27,409,980

  Retail

  $41,220,124

Location Insight

City

South Chicago Heights

County

Cook

State

Illinois

Latitude

41.4786

Longitude

-87.6381

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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