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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$1,900,000

Est. payment - /mo

9,245 SqFt

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 9,245 sqft

Price per Sqft $205

MLS Listing ID 12616814

Year Built 2002

Annual Tax Amount $81,229

Tax Year 2024

Lot Dimensions 247x125x263x125

Property Sub-Type Retail/Stores

Property Description

Strategically located, fully occupied retail strip center in the heart of Olympia Fields at 2520 Lincoln Highway, offering investors a rare opportunity to acquire a stabilized neighborhood center with upside potential. The property features 9,245 SF of net rentable area across six units with a strong mix of long-term tenants, including several occupants in place for 10+ years and nationally recognized credit tenants such as Bank of America and GameStop. Positioned on heavily traveled Lincoln Highway with approximately 27,500 vehicles per day, the center benefits from outstanding exposure, convenient access, and a prominent monument sign directly in front of the property. Situated across from Walmart Supercenter and surrounded by national retailers including McDonald's, Walgreens, Food 4 Less, O'Reilly Auto Parts, AT&T, and other major traffic generators, this location draws consistent consumer activity. Olympia Fields is one of the Southland's most established and affluent communities, with strong household incomes and a desirable suburban customer base. The property is also conveniently located near Western Avenue, Governors Highway, Interstate 57, and nearby Metra stations, providing strong regional connectivity for both customers and employees. This asset offers dependable in-place cash flow with potential future upside through rent adjustments and continued operational efficiencies. A strong long-term hold in a proven retail corridor, this property is well positioned to benefit from ongoing retail demand and inflation-resistant income growth.

Location

State IL

County Cook

Area Olympia Fields

Interior

Cooling Central Individual

Fireplace N

Building

Dwelling Type Retail/Stores

Structure Type Brick

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Listed by Jason Marcordes of Landmark Property Management, Inc.

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent License ID: 475.188206

2520 Lincoln HWY Olympia Fields, IL 60461

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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