Property Listing No Longer Available for Sale

1757 East-West Road, Calumet City, IL

Retail for Sale - $3,195,000 - 42,600 Sq. Ft. on 0 acres


Property Info

CIMLS#133846
Location
  1757 East-West Road
  Calumet City IL 60409
UpdatedApril 1st, 2011
TypeRetail
Price$3,195,000
Building42,600 Sq. Ft.
Land0 acres

Property Description

Marcus & Millichap presents this 42,600-square foot, single-tenant retail building in Calumet City, Illinois, a mature, southern suburb of Chicago.

This property has been fully leased since its original construction in 1993. The Sport's Authority, the guarantor of the lease, is currently subleasing the space to Wickes Furniture. The original corporate-backed lease expires on 11/30/2013. The site affords its tenant excellent frontage along 159th Street in a concentrated retail trade area. The subject property co-anchors a shopping center with Target and is adjacent to the River Oaks Plaza West and the River Oaks Regional Shopping Mall, which are home to a number of national retailers and restaurants, such as Macy's, Sears, Carson Pirie Scott, JC Penney, Michael's, Marshalls, and Bed Bath & Beyond, to name a few.

This is an opportunity for an investor to acquire a well-located, well maintained asset for below replacement cost. A new owner can add value by striking a long-term lease with a new tenant, while having the security of having guaranteed rental income until 11/30/2013.



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