Shopping Community
Calumet City Plaza
1845 River Oaks Dr, Calumet City, IL 60409
Listing Price: $1,850,000
Cap Rate
8.00%
Gross SF
27,067
Rentable SF
27,067
Price/Gross SF
$68.35
Lot Size
2.20 acres
Year Built
1985
Investment Overview
The six-suite 27,000 SF plaza is located two blocks from River Oaks Mall in Calumet City and is 94% occupied, including Cash America and Mattress Firm. Many of the leases are triplet net with an average net rent below $11 per square foot.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $1,850,000
Cap Rate
8.00%
Gross SF
27,067
Rentable SF
27,067
Price/Gross SF
$68.35
Lot Size
2.20 acres
Year Built
1985
Investment Highlights
- Priced under $70 per Square Foot
- Cash America & Mattress Firm Occupy 45% of Plaza
- Major Capital Improvements Done in 2018 & 2020
- 25,000 Cars per Day on River Oaks Drive (SR 6)
- Near River Oaks Mall, Sam's Club, Big Lots and Petco
Investment Overview
The six-suite 27,000 SF plaza is located two blocks from River Oaks Mall in Calumet City and is 94% occupied, including Cash America and Mattress Firm. Many of the leases are triplet net with an average net rent below $11 per square foot.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
