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10301 Central Avenue, Oak Lawn, IL – $3,644,000

  • $3.6M Price
  • 26,331 Sqft
  • $3.6M Price
  • 26,331 Sqft

10301 Central Avenue

Presenting the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Oak Lawn. This asset is being offered at a 8.00% CAP rate with tremendous cash flow and continued growth. Central Plaza contains 26,331 square feet and is situated on approximately 2.67 acres. At the southeast corner of Central Avenue and 103rd Street, the center benefits greatly from its position next to Richards High School just blocks from the 95th Street Retail Corridor. The existing tenants at the center have all recently been renewed or extended, adding stability to the asset. The majority of tenants escalate on yearly basis creating additional equity and better future returns. The center also provides a future development opportunity on the south end of its 2.76 acre lot. The pad sits directly on the corner of Central Avenue and 105th Street and would come with an abundance of parking given the current center's oversized parking lot.

Essential Information

  • MLS® #10552230
  • Price$3,644,000
  • Square Footage26,331
  • Acres0.00
  • Year Built1980
  • TypeCommercial
  • Sub-TypeRetail/Stores
  • StatusActive

Community Information

  • Address10301 Central Avenue
  • AreaOak Lawn
  • CityOak Lawn
  • CountyCook
  • StateIL
  • Zip Code60453

Amenities

  • Parking Spaces126

Interior

  • HeatingForced Air
  • CoolingCentral Individual
  • Stories1

Additional Information

  • ZoningCOMMR

Listing Details

  • OfficeBrookline Real Estate LLC
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Price Change History for 10301 Central Avenue, Oak Lawn, IL (MLS® #10552230)

Date Details Change
Status Changed from New to Active

Brookline Real Estate LLC.

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Listing information last updated on November 12th, 2019 at 4:50am CST.