A 136,000 square foot retail shopping center, on 11.3 acres at the corner of Ridgeland and 127th Street, is available for sale. The center is 88.6% leased to a number of well-known regional and national tenants including Ace Hardware, Charter Fitness and Aurelio’s Pizza. Dominick's continues to pay rent at on their vacant space. The new owner has the option of accepting a lease buyout, for the remaining 16 months of Dominick's lease, or continuing to cash flow the space for approximately 16 months. This property has great potential to add revenue by increased leased rates (which are currently under market) and by leasing available units, which range between 900 and4,800 square feet.
Palos Heights is a town in the southwest suburbs of Chicago. The city is a dynamic community with attractive retail and commercial space located along major streets such as Ridgeland and Harlem Avenues. 127th Street is a major commercial thoroughfare for Palos Heights, Palos Park, Alsip, Crestwood and offers easy access to major expressways; valuable for destination stores, restaurants, etc.