Calumet City Plaza

$1,450,000

454 Burnham Avenue, Calumet City, IL 60409

For Sale

Retail

Active

Last Updated: 01/25/2023

Details:

Cap Rate: 8.62%

NOI: $136,674

Building Size: 16,900 sqft

Year Built: 2007

Offered by

Travis Montgomery

Senior Director | Director of Strategic Growth & Marketing

Multifamily Investment Advisors | KW Commercial | Keller Williams ONEChicago

Request Info to Unlock

Description:

100% Leased Retail Strip Center -2007 Construction: tenants on long term leases with scheduled rent increases in primary terms and/or option periods.

Great Retail Location: Located within 7 minutes driving distance to multiple grocery-anchored and big box anchored retail developments | Area national tenants include: Strack & Van Til, Pete's Fresh Market, Aldi, Sam's Club, The Home Depot, JC Penny, Macy's, Victoria's Secret, Ashley Stewart, Ross, Starbucks, Culver's, Taco Bell, Sonic Drive-In, Buffalo Wild Wings, Panda Express and many others.

Excellent Access and Visibility: Strategically placed on the hard corner signalized intersection of Sibley Blvd. and Burnham Ave. | Excellent visibility and access to Interstate 94 | Over 20,000 VPD at Sibley Blvd. and over 13,000 VPD at Burnham Ave.

Strong Demographics: Average Household Income is over $65,000, $58,000 and $62,000 within a 1, 3 & 5 mile radius respectively | Area population is 13,634, 104,228, and 242,508 within a 1, 3 & 5 mile radius respectively.