626 River Oaks Drive,Calumet City, IL 60409
Calumet City, IL 60409
Description
Presenting the opportunity to acquire a Dollar General Redevelopment NNN investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. 626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall. The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly. Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.75 CAP rate with tremendous cash flow and continued growth.
Details
| MLS # | 12561089 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1998 |
| Days On Site | 219 |
| Listing Provided By | Brookline Real Estate LLC | Dominick Cannata |
Features
| SQ Feet | 12,855 |
|---|---|
| Story(s) | 1 |
Interior
| Cooling | Central Air |
|---|
Utilities
| Electric | Separate Meters |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 34726 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Calumet City |
| Zip Code | 60409 |
| Area | Calumet City |
| Listing VS Median (in 60409) | |
Price: $1,225,000 low | high Med: $165,000 sqft: 12,855 low | high Med: 1,260 $ / sqft: $95 low | high Med: $131 On site: 219 low | high Med: 92 | |
Market Activity 60409
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Calumet City |
| Zip Code | 60409 |
| Area | Calumet City |
| Listing VS Median (in 60409) | |
Price: $1,225,000 low | high Med: $165,000 sqft: 12,855 low | high Med: 1,260 $ / sqft: $95 low | high Med: $131 On site: 219 low | high Med: 92 | |