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Shopping Strip

Medical & Daycare Center

20911 S Cicero Ave, Matteson, IL 60443

Listing Price: $2,635,600

Cap Rate
9.50%
Gross SF
13,600
Rentable SF
13,600
Price/Gross SF
$193.79
Lot Size
3.99 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to exclusively offer a fully leased two-tenant med-tail center, strategically shadow anchored by Harbor Freight, with 100% occupancy and annual rental escalations. Recently renovated in 2022, the property boasts a new roof and exterior, while an adjacent development lot with a Class Eight incentive offers expansion possibilities.

Leasing momentum shines with Specialty Physicians extending their lease until February 2029 and Little Footprints expanding 1,280 sq ft. Harbor Freight's recent arrival in 2022 adds vibrancy.

Strategically located off Interstate 57 and South Cicero Avenue, the property benefits from high visibility, with 77,200 and 17,575 daily vehicles respectively. Surrounding retailers like Home Depot, Marshalls, and PetSmart amplify its retail appeal.

Set in a dense, affluent area, the property enjoys an average $102,542 household income within a mile and a population of 57,327 within three miles.

The locale is thriving, with recent developments like Aldi's expansion, Burger King's $1.6M renovation, and Sam's Club transformation creating 400 jobs. A future mixed-use development, Market Square Crossing, promises retail, offices, residential units, and a hotel.

Seize this investment offering a fully leased property with growth potential, benefiting from strategic location, leasing momentum, and a dynamic local landscape.

Investment Highlights

  • Harbor Freight Shadow Anchored | 100 Percent Occupied Two-Tenant Med-Tail Center
  • Offers Adjacent Lot for Development (Class Eight Incentive in Place)
  • New Roof Added in 2022 | Exterior Renovated in 2020
  • New Lease Extension for Specialty Physicians Through February 2029
  • New Suite Expansion for Little Footprints | 1,280 Square Feet is Being Added

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

Shopping Strip

Medical & Daycare Center

Listing Price: $2,635,600

Cap Rate
9.50%
Gross SF
13,600
Rentable SF
13,600
Price/Gross SF
$193.79
Lot Size
3.99 acres
Year Built
1986

Investment Highlights

  • Harbor Freight Shadow Anchored | 100 Percent Occupied Two-Tenant Med-Tail Center
  • Offers Adjacent Lot for Development (Class Eight Incentive in Place)
  • New Roof Added in 2022 | Exterior Renovated in 2020
  • New Lease Extension for Specialty Physicians Through February 2029
  • New Suite Expansion for Little Footprints | 1,280 Square Feet is Being Added

Investment Overview

Marcus & Millichap is pleased to exclusively offer a fully leased two-tenant med-tail center, strategically shadow anchored by Harbor Freight, with 100% occupancy and annual rental escalations. Recently renovated in 2022, the property boasts a new roof and exterior, while an adjacent development lot with a Class Eight incentive offers expansion possibilities. Leasing momentum shines with Specialty Physicians extending their lease until February 2029 and Little Footprints expanding 1,280 sq ft. Harbor Freight's recent arrival in 2022 adds vibrancy. Strategically located off Interstate 57 and South Cicero Avenue, the property benefits from high visibility, with 77,200 and 17,575 daily vehicles respectively. Surrounding retailers like Home Depot, Marshalls, and PetSmart amplify its retail appeal. Set in a dense, affluent area, the property enjoys an average $102,542 household income within a mile and a population of 57,327 within three miles. The locale is thriving, with recent developments like Aldi's expansion, Burger King's $1.6M renovation, and Sam's Club transformation creating 400 jobs. A future mixed-use development, Market Square Crossing, promises retail, offices, residential units, and a hotel. Seize this investment offering a fully leased property with growth potential, benefiting from strategic location, leasing momentum, and a dynamic local landscape.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

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