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Off Market
1/4

10301-10345 Central Ave
Oak Lawn, IL 60453


HIGHLIGHTS

  • 100% Leased
  • Combined Traffic Count of 37k VPD
  • Drive-Thru Anchored Center
  • Corner Location
  • Dense Residential and Retail Area
  • 2 Large Pylon/Monument Signs

OVERVIEW

Brookline Real Estate, LLC. is proud to present 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 8.50% 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 building is well-maintained including several recent upgrades and replacements. The center also provides a future development opportunity on the south end of its 2.67 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.

FOR SALE DETAILS

PRICE

-

CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Central Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

26331

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

24-16-113-011-0000,24-16-113-012-0000,24-16-113-013-0000,24-16-113-014-0000,24-16-113-015-0000,24-16-113-016-0000,24-16-113-017-0000,24-16-113-018-0000,24-16-113-019-0000,24-16-113-020-0000,24-16-113-021-0000