3400-3498 W Vollmer Rd - Retail FOR SALE


Olympia Fields, IL 60461
$8,200,000 USD
312-656-4584
3400-3498 W Vollmer Rd, Olympia Fields, IL for Sale
$8,200,000 USD
Retail - FOR SALE
1/3
null | 7.21% Cap Rate

3400-3498 W Vollmer Rd
Olympia Fields, IL 60461


HIGHLIGHTS

  • Well-maintained retail asset with efficient unit sizes supporting a diverse tenant mix and strong leasing fundamentals.
  • Anchored by Fresh Village Market and CFX Fitness, which drive consistent foot traffic and support long-term tenant retention across the center
  • Located near Interstate 57 and U.S. Route 30, with access to Metra rail service and convenient connectivity to the greater Chicago MSA.
  • Olympia Fields features high household incomes, strong homeownership, and a stable residential base that supports consistent retail demand.

OVERVIEW

Olympia Square is a fully stabilized, 52,848 SF neighborhood retail shopping center located at 3400–3498 W. Vollmer Rd. in Olympia Fields, Illinois, offered at $8,200,000 and delivering a 7.21% stabilized cap rate on $591,023 of adjusted forward NOI. The property is 100% occupied and 100% triple-net leased, providing durable, contractual cash flow with minimal landlord responsibilities, as tenants reimburse all real estate taxes, insurance, and CAM expenses. The center features a diversified, daily-needs and service-oriented tenant mix, anchored by Fresh Village Market and CFX Fitness, which drive consistent foot traffic and long-term tenancy. A recently executed lease on the final vacant space fully stabilized the asset and eliminated lease-up risk, while major capital improvements—including a full mansard roof replacement, façade renovation, parking lot resurfacing, HVAC upgrades, and security enhancements—have addressed deferred maintenance and reduced near-term CapEx requirements. Situated in an affluent and stable South Suburban Chicago market with strong household incomes and excellent regional access, Olympia Square represents an ideal turnkey acquisition for 1031 exchange buyers, private investors, and yield-focused capital seeking predictable income and passive ownership

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olympia Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

257

LAND DETAILS

CROSS STREETS

Governors Hwy

LAND ACRES

5.62 AC

LAND SF

244,807 SF

ZONING

B-2

APN/PARCEL ID

31-14-201-005-0000

ASK ABOUT THIS PROPERTY

Martin MurrayRE/MAX PremierMore Info
312-656-4584

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Martin MurrayRE/MAX PremierMore Info
312-656-4584

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