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5230 159th Street, Oak Forest, IL, 60452

  • - Beds
  • - Baths
  • - Sq. Ft.

$1,400,000

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.

Overview

  • - Beds
  • - Bathrooms
  • 0 Bath (Full)
  • 0 Bath (Half)
  • - Sq. Ft.
  • 0 Rooms

Other Details

  • Property Type: Bus / Bus w/Real Est
  • Neighborhood: Oak Forest
  • Days On Market: 3
  • Outdoor Parking: 31-50 Spaces


HOA & Taxes

  • HOA Fee: 0.00
  • Tax annual amount: 42693.00
  • Tax year: 2023
  • Exemptions:
  • Association Fee Includes:

Location

Electric Details
  • Separate Meters
Heating & Cooling Details
  • Central Air
  • Central Individual
Utilities Details
  • Electric to Site
  • Gas to Site
Exterior Features
  • Lot Size: 24396
  • Ownership:-
  • Built before: -
  • Age: -
  • Exterior: -

Room Details

School Details

Elementary School
  • Name: -
  • District: -
Middle Or Junior School
  • Name: -
  • District: -
High School
  • Name: -
  • District: -

Contact Agent

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Sohum Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.