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$ 4,700,000
Est. payment | /mo
8,952 SqFt
$ 4,700,000
Est. payment | /mo
8,952 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 8,952 sqft
Price per Sqft $525
MLS Listing ID 12461447
Year Built 2006
Annual Tax Amount $138,682
Tax Year 2023
Lot Dimensions 183 X 290 X 225 X 36 X 65
Property Sub-Type Retail/Stores
Property Description
Located at5942-5948 W Touhy Ave, Niles, this well-positioned strip center offers investors long-term stability and excellent visibility. Of the four units, three are occupied by established national brands that have been at this location for over a decade, each secured with extended lease terms. The remaining unit also has approximately ten years left on its lease, minimizing vacancy risk. This property is exceptionally easy to maintain, as tenants are responsible for their own interior upkeep and utilities. With 61 parking spaces and an existing drive-through, the center supports a wide variety of business uses. The location provides unmatched exposure, with over 35,000 vehicles passing daily, and benefits from strong demographics-average household income within one mile is $156K, and more than 653,000 residents live within a five-mile radius.
Location
State IL
County Cook
Area Niles
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Retail/Stores
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Listed by Sang Han • Platinum Partners Realtors
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Mike Machlet
Partner