$ 1,175,000 $ 1,400,000 16.1%

5230 159th Street

Oak Forest, IL 60452

  • 8,000 SqFt
  • - Year Built
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.
Listed by Michael Kang of Coldwell Banker Realty , Sold By Hetul Thakkar of ARNI Realty Incorporated

PROPERTY DETAIL

  • Key Details

    Sold Price $1,175,00016.1%

    Property Type Commercial

    Sub Type Bus / Bus w/Real Est

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 8, 000 sqft

    Price per Sqft $146

    MLS Listing ID 12053755

    Sold Date 01/21/25

    Annual Tax Amount $42,693

    Tax Year 2023

    Lot Dimensions 24396

    Property Sub-Type Bus / Bus w/Real Est

  • Location

    State IL

    County Cook

    Zoning COMMR

  • Interior

    Cooling Central Air, Central Individual

    Fireplace N

  • Exterior

    Utilities Available Electric to Site, Gas to Site

    View Y/N true

CONTACT

Michael Kang
Michael Kang

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