Justice Plaza Retail Opportunity

8511 88th Avenue, Justice, IL

$1,600,000

Price

8.71%

Cap Rate

96%

Occupancy

Overview
Cap Rate
8.71%
Occupancy
96%
Description

The M.I.A team in conjunction with Keller Williams ONEChicago and KW Commercial is proud to present 8501-8523 S 88th Ave., Justice, IL 60458. This retail strip provides investors with access to a 75 percent occupied retail property of Class C. The 8501-8523 S 88th Ave.retail strip center is situated in the Near South Cook submarket of Chicago, Illinois that has nearly 230,000 people in a 5 mile radius. There are 30 parking spaces available on-site, providing ample parking for tenants. IDOT announced new access and exit ramps to I-294 onto 88th Ave Strip center located less than a quarter mile from planned I-294 Ramps.





Retail Strip Center located less than a quarter-mile from planned I-294 Ramps. 94% occupied with scheduled rent increases in primary terms and/or option periods.
Great Retail Location: Located adjacent to more than 1,660 Apartments Units.
Excellent Access and Visibility: Strategically placed on 88th Avenue |Excellent visibility and access to Interstate 294 | Over 10,000 VPD at S. 88th Ave. and over 20,000 VPD at W. 87th Ave.
Strong Demographics: Average Household Income is over $76,000, $79,000 and $90,000 within a 1, 3 & 5 mile radius respectively| Area population is 14,835, 77,573, and 228,860 within a 1, 3 & 5 mile radius respectively.


Location