207 S Halsted - Fast Food FOR SALE


Chicago Heights, IL 60411
$799,000 USD
781-776-4003
207 S Halsted, Chicago Heights, IL for Sale
$799,000 USD
Fast Food - FOR SALE
1/6
null | Request Cap Rate

NEW


207 S Halsted
Chicago Heights, IL 60411


HIGHLIGHTS

  • Redevelopment & Value Add Opportunity
  • Transit Oriented Location
  • High-Demand Urban Location
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a vacant building located at 207 S Halstead Street in Chicago Heights, Illinois (the “Property”). The Property is a former Arby’s improved by a vacant 2,306 square foot single story building on a 46,699 square foot (1.07-acre) parcel of land and is zoned B-2 Limited Service Business District, one of the most versatile zoning designations in Chicago Heights. 207 S Halstead Street offers the opportunity to re-tenant the Property, redevelop the Property, or to use the Property as an owner-user opportunity. The Property is well-located along S Halstead Street (IL Route 1), the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility and frontage as well as two points of access. The Property is across the street from Prairie State College, within 1.5 miles of three High Schools, and is convenient to dense residential neighborhoods, all of which provide a built-in and captive customer base. The Property is on the Pace bus line and enjoys quick access to US Route 30, IL Routes 1, 394, 83, and 50, and is 3.5 miles from Interstate 294, which connects with Interstates 80, 57, and 94. The Property is also just 3 miles from Flossmoor Metra Station on the Metra Electric Line. The Property also offers quick access to US Routes 45 and 12 and Interstates 294, 190 and 90. The high-demand for real estate with close proximity to schools, colleges, and area highways make this a great opportunity for an investor seeking an owner-user or redevelopment site in the Chicago MSA

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant ( Arby's)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

B-2

APN/PARCEL ID

32-16-102-020-0000

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.