1000-1058 East 162nd Street

1000-1058 East 162nd Street South Holland, IL 60473

1000-1058 East 162nd Street, South Holland, IL, 60473
1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473 1000-1058 East 162nd Street, South Holland, IL, 60473
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$3,830,355
Last Verified:
Jan 11, 2025

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Highlights


Description

Multi-tenant Retail For Sale: 9.5% CAP Rate Located only 20 miles from Downtown Chicago, South Holland is easily accessible through all major interstates. Pacesetter Plaza boasts a population of 222,624 and has over 900 businesses within 5 miles. The trade area has generated over $1 Billion in retail sales in past years. There is also a large student population from South Suburban College and Thornwood HS. Tenant mix includes national and local retailers including Family Dollar, Allstate, Subway, Harold's, and more. Pacesetter Plaza is easily accessible from I94 with a clover leaf on/off ramp heading North and South.

For Lease

South Holland is a suburb of Chicago with a population of 21,677. South Holland is in Cook County. Living in South Holland offers residents a rural feel and most residents own their homes. In South Holland, there are a lot of parks. Many young professionals live in South Holland and residents tend to be liberal.


Year Built: 1956
Building Size: 33654sq ft
Lot Size: 2.27 acres


Documents

South Holland For Lease Brochure.pdf

Units for Lease

1024 East 162nd Street
Space Available: 907 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00
106BC
Space Available: 1215 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00

Map of 1000-1058 East 162nd Street, South Holland, IL, 60473

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.