1006-1058 E 162nd St | South Holland, IL 60473
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- LoopNet Team
1006-1058 E 162nd St
South Holland, IL 60473
Pacesetter Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 97 Percent Occupied Retail Center Anchored by Family Dollar | Strong Mix of National and Local Tenants
- Nine Tenants have Scheduled Rental Increases In-Place
- Embedded Net Operable Income Growth with Multiple Tenants Paying Below Market Rent | Potential to Substantially Increase Base Rent Through Re-Leasing
- Established Tenants with Long Operating Histories | Cunis Candies (Since 2001), Subway (Since 1990), and Family Dollar (Since 2014)
- Modest, Replaceable Average Rent of $11.85 per Square Foot | Potential for Future Rent Growth
- 0.25 Miles from Interstate 94 which Sees 145,700 Vehicles per Day
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
34,288 SF
Building Class
C
Year Built
1956
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
2.27 AC
Parking
140 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
438’ on E 162nd St
AMENITIES
- Pylon Sign
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 29-14-317-031-0000 | Improvements Assessment | $327,584 |
| Land Assessment | $173,416 | Total Assessment | $501,000 |
PROPERTY TAXES
Parcel Number
29-14-317-031-0000
Land Assessment
$173,416
Improvements Assessment
$327,584
Total Assessment
$501,000
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