For Sale $4,340,000
Property Type Retail - Street Retail
Property Size 33,654 SF
Units 16
Lot Size 2.27 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 140
Property Tenancy Multi-Tenant
Year Built 1956
Year Renovated 1995
Date Updated Oct 21, 2024

South Holland is a suburb of Chicago with a population of 21,677. South Holland is in Cook County. Living in South Holland offers residents a rural feel and most residents own their homes. In South Holland, there are a lot of parks. Many young professionals live in South Holland and residents tend to be liberal.Multi-tenant Retail For Sale: 9% CAP Rate Located only 20 miles from Downtown Chicago, South Holland is easily accessible through all major interstates. Pacesetter Plaza boasts a population of 222,624 and has over 900 businesses within 5 miles. The trade area has generated over $1 Billion in retail sales in past years. There is also a large student population from South Suburban College and Thornwood HS. Tenant mix includes national and local retailers including Family Dollar, Allstate, Subway, Harold's, and more. Pacesetter Plaza is easily accessible from I94 with a clover leaf on/off ramp heading North and South.For Lease

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Attachments

Highlights

Aggressive CAP rates
Value add opportunity with current average rent below $12 SF
97% Occupancy
Several tenants paying below market rents
All tenants on NNN lease with annual increases
Located within TIF district
Strong mix of national and local tenants located within commercial district
Heavily traveled 162nd Street seeing 35,600 VPD
Highly visible site with 575 feet of frontage & multiple pylon signs
Densely populated infill area surrounding Pacesetter Plaza
Easy access to I94 (ess than .25 mile 141,395 VPD) & I294
Strong cellphone data showing over 30,000 visits/month
Recent Capital Expenditures include sealing and striping of parking lot and repainting entire center
Ample Parking: 140+ surface

Contacts

Brad Belden

Colliers

Location

Getting Around

Walk Score ®
80/100 Very Walkable
Transit Score ®
32/100 Some Transit
Bike Score ®
50/100 Bikeable

Map
Street

City South Holland, IL
Zip Code 60473
Market Chicago

Points of Interest

Riverdale

3.47 miles
Calumet

4.12 miles
Homewood

4.74 miles
West Pullman

5.66 miles
Blue Island

5.74 miles
Burr Oak

5.78 miles
Kensington (115th Street)

5.96 miles
Flossmoor

6.00 miles
Midlothian

6.43 miles
115th Street (Morgan Park)

7.11 miles

BP

0.08 miles
Thorntons

0.19 miles
Citgo

0.99 miles
Shell

1.16 miles
Mobil

1.30 miles
Circle K

1.50 miles
Marathon

1.56 miles
Tesla Supercharger

6.41 miles

Rest Area I-80 (West Bound)

1.55 miles
Rest Area I-80 (East Bound)

1.64 miles
Pace Harvey Park & Ride

2.74 miles
Pace Homewood Park & Ride

3.38 miles
Hegewisch Accessible Parking

4.01 miles
Hegewisch NICTD #1

4.03 miles
Hegewisch Park & Ride

4.09 miles
Auto Warehousing Company

4.72 miles
Strip Mall Parking Lot

5.58 miles
Kensington / 115th Street Station Parking Lot

5.86 miles

Little Caesars

0.00 miles
Shark's Fish & Chicken

0.03 miles
Subway

0.08 miles
McDonald's

0.25 miles
Checkers

0.29 miles
Popeyes

0.32 miles
Chipotle

0.52 miles
Dunkin'

0.65 miles
Hardee's

0.68 miles
Pizza Hut Delivery

0.69 miles

ALDI

0.11 miles
Jewel-Osco

0.31 miles
Fairway Finer Foods

0.91 miles
Walt's Food Center

1.22 miles
Big Lots

1.51 miles
dd's Discounts

1.56 miles
Ross

1.57 miles
Food 4 Less

1.58 miles
Marshalls

1.59 miles
JCPenney

1.86 miles

Frequently Asked Questions

How much does Pacesetter Plaza cost?

The space currently listed for sale at Pacesetter Plaza asks for $4,340,000.

What is the total square footage of Pacesetter Plaza?

Pacesetter Plaza totals 33,654 square feet.

When was this property built?

Pacesetter Plaza was built in 1956.

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