Oak Forest, IL 60452,5230 159th ST
Oak Forest, IL 60452,5230 159th ST
Oak Forest, IL 60452,5230 159th ST
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$1,400,000
Est. payment /mo
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8,000 SqFt
Active Under Contract

5230 159th ST Oak Forest, IL 60452

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UPDATED:

09/14/2024 10:32 PM

Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $175

MLS Listing ID 12053755

Annual Tax Amount $42,693

Tax Year 2023

Lot Dimensions 24396

Property Description

Explore this exceptional investment opportunity at 5230 159th St, Oak Forest, IL 60452. This standout retail property is ideally located at the busy corner of 159th Street and Latrobe Ave, drawing in a steady stream of foot traffic and featuring solid, long-term tenants for sustained business success. It's not just the location that's prime; this property also promises substantial income potential and robust cash flows. The site includes a freestanding building on a half-acre plot and offers extensive customer parking with 38 available spaces. The sale encompasses all fixtures, furniture, equipment (FF&E), and established goodwill. Presently valued at $1,060,000 (3rd party appraisal) with an additional $340,000 attributed to a thriving Coin Laundry and dry cleaning operation, this is a ripe prospect for any serious investor. Additional growth opportunities abound: the current business hours end at 5 PM daily, presenting the potential to increase revenue through extended hours. Furthermore, there are no vending or ancillary retail sales, avenues a new owner could develop. The Coin Laundry facility has been recently updated, with machines replaced within the last 5 to 10 years, ensuring lower maintenance costs and higher efficiency. Don't miss out on making a strategic investment in a property designed for success. All serious offers will be carefully considered. Secure this profitable venture today and watch your investment grow.

Location

State IL

County Cook

Area Oak Forest

Zoning COMMR

Interior

Cooling Central Air, Central Individual

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site

Waterfront false

Building

Dwelling Type Bus / Bus w/Real Est

Level or Stories 1


Midwest Real Estate Data (MRED) IDX
Listed by Michael Kang • Coldwell Banker Realty

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Ryan Ivemeyer

Broker | License ID: 471.021972

+1(815) 342-6942

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5230 159th ST