1243-1249 Torrence Ave
Calumet City, IL 60409
Starbucks Strip · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Subject property located at a hard corner, signalized intersection – 39,531 VPD
- All four tenants signed new leases or extensions in the last 5 years showing dedication to the site
- Dense residential demographics – 251,765 residents within a 5-mile radius of the subject property
- Rent increases in the current term for three of the four tenants improves yield in the near future (see 2024 Cap Rate)
- Starbucks endcap features a drive-thru
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,014 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.76 AC
Parking
49 Spaces (5.44 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 30-19-100-099-0000 | Improvements Assessment | $79,782 |
| Land Assessment | $24,900 | Total Assessment | $104,682 |
