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$499,999
Est. payment /mo
7,035 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 7,035 sqft
Price per Sqft $71
MLS Listing ID 12602678
Year Built 1946
Annual Tax Amount $11,209
Tax Year 2024
Property Sub-Type Retail/Stores
Property Description
1250-54 W 127th Street presents a compelling opportunity to acquire a multi-tenant retail asset located along a highly trafficked commercial corridor in Calumet Park. The property consists of a three-unit commercial building totaling approximately 7,035 square feet, offering investors immediate in-place income with significant upside through lease optimization and tenant repositioning. Strategically positioned on W. 127th Street, the property benefits from strong visibility, consistent vehicle traffic, and proximity to dense residential neighborhoods, making it an ideal location for service-oriented and neighborhood retail tenants. The surrounding retail corridor features a mix of national and local businesses, providing a stable commercial environment that supports long-term tenancy. The asset has undergone recent renovations, reducing near-term capital expenditure requirements while enhancing its appeal to prospective tenants. Additionally, the property offers ample on-site parking. Multi-Tenant Retail Asset - Three-unit configuration provides diversified income streams and reduces single-tenant exposure Strong In-Place Income with Upside - Existing cash flow with the opportunity to increase rents to market and improve overall returns - Value-Add Opportunity Ability to lease vacant or underutilized space and reposition tenant mix to maximize NOI - Recent Capital Improvements - Renovated building minimizes near-term maintenance costs and enhances tenant appeal Flexible Tenant Use Potential - Ideal for retail, medical, office, or service-oriented users, broadening leasing opportunities
Location
State IL
County Cook
Area Calumet Park
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
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Listed by Heba Rashed of Kawash Group