Pacesetter Plaza

1000-1058 East 162nd Street, South Holland, IL 60473

  • 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

broker

Brad Belden

Colliers

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    32/100 Some Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City South Holland, IL
  • Neighborhood South Holland
  • 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.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Brad Belden

Colliers