17503 Kedzie AveHazel Crest, IL 60429

Property Details for 17503 Kedzie Ave

Year built

1973

Lot size

8.78 AC

Property type

Community centers

APN

28-36-100-009

APU

2836100009

Description

This 83,800 square foot grocery-anchored strip center, located at 17503 S Kedzie Ave in Hazel Crest, IL 60429, presents a compelling investment opportunity. Built in 1975, the property boasts a strong tenant mix including a full-service grocery store, Post Office, Family Dollar, and several restaurants. The center offers multiple spaces available for lease, ranging from 1,700 to 3,500 contiguous square feet, with a total of 5,200 square feet currently vacant. The minimum leasable space is 1,700 square feet. This well-established center serves as a community hub, providing a diverse range of services and amenities to local residents. Its strategic location in the heart of Hazel Crest ensures high visibility and accessibility for businesses. The existing tenant roster includes a blend of national, regional, and local businesses, creating a vibrant and thriving retail environment. This property offers a unique chance to capitalize on a strong existing tenant base and a high-traffic location within a well-established community. The Cook County location provides access to a substantial consumer base. This is an excellent opportunity for investors seeking a stable, income-producing asset in a desirable retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $180,678,848

  6.5%

  $166,780,480

  7%

  $154,867,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,533,864

  Geo Method

  $125,533,864

• Alternative Use

  Use

  Valuation

  Residential

  $140,685,568

  Hospitality

  $128,867,224

  Educational

  $107,216,016

  Medical

  $110,903,344

  Retail

  $166,780,480

Location Insight

City

Hazel Crest

County

Cook

State

Illinois

Latitude

41.5708

Longitude

-87.6926

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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