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18201 - 18209 Dixie Highway - Downtowne Center, Homewood, IL
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18201 - 18209 Dixie Highway - Downtowne Center
Homewood, IL 60430-2205 - Far South Submarket
Existing , Renov 1997
Total Space Avail:
58 Surface spaces are available; Ratio of 1.31/1,000 SF
Bus Line, Day Care, Fitness Center, Signage
The property is located 25 miles south of the Chicago Loop, in close proximity to I-80, I-94, I-294, I-394, and I-57. Mitchell's Ice Cream Parlor is located next door and a vibrant downtown shopping area is within walking distance. Six public golf courses are nearby. Metra Commuter Rail, Amtrak, and Illinois Central Rail are located adjacent to downtown.
The property is within walking distance of Homewood's vibrant downtown shopping area and adjacent to local favorite Mitchell's Ice Cream Parlor. Since 2014, ownership has leased 11,401 square feet or 58% of the total square footage bringing the current occupancy to 84%. With one vacant space remaining, new ownership can take advantage of the momentum at the property and the vibrancy of the downtown market. The property appeals to tenants seeking visibility along the well traveled Dixie Highway which is only minutes from the full interchange at I-294. Abundant parking on-site as well as ample street parking also offers a significant competitive advantage. Developed in 1940 and renovated in 1997, the property offers both street frontage and private entrances for selected spaces. The property is functionally designed with the ability to accommodate small to large tenants, with current tenancy ranging from just under 1,400 square feet to over 7,000 square feet. The property is extremely well-pared with 25 spaces on site along with street parking. A stabilized rent roll and low capital requirements make this an ideal investment well into the future.
The 19,540 sf multi-tenant retail center is located 25 miles south of the Chicago Loop, in close proximity to all major Illinois highways, including I-80, I-94, I-294, I-394, and I-57. Downtown Center is well-located with great visibility on Dixie Highway just north of 183rd Street and is home to restaurant destinations Fratello's Imports & Eatery.
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Raines Realty Ltd.
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