19600 Harlem Av. - CoStar AH · 2018-12-10 · Office space, Showroom. Restrooms, Warehouse with...
Transcript of 19600 Harlem Av. - CoStar AH · 2018-12-10 · Office space, Showroom. Restrooms, Warehouse with...
KW COMMERCIAL
16101 108th Ave
Orland Park, IL 60467WILLIAM MUSTAFAManaging Director0: 708.261.1150 X11150C: [email protected] #471.0197740
19600 Harlem Av.
OFFERING MEMORANDUM
PRESENTED BY:
FRANKFORT, IL
OFFERING MEMORANDUM
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OFFERING SUMMARY
SALE PRICE: $2,900,000
LOT SIZE: 7.99 Acres
BUILDING SIZE: 28,800 SF
ZONING: C-1
MARKET: Chicago
SUBMARKET:South Surburban /Will
County
TRAFFIC COUNT: 38,000
PRICE / SF: $100.69
PROPERTY OVERVIEWSales price is $2,900,000C-1 Will County zoning,The property is currently used as a retail Garden Center/ Greenhouse.Property includes:Greenhouses,Office space,Showroom.Restrooms,Warehouse with overhead doors,7.99 acres
PROPERTY HIGHLIGHTS• Prime Investment Opportunity;
• 7.99 Acres,
• Located ¾ mile north is "Brookside Marketplace," a 174,000 SF big box retailcenter occupied by Super Target, Dick's Sporting Goods, Best Buy, Kohl's,Ulta Beauty,
• Harlem Ave & Vollmer Rd. combined traffic counts over 38,000 per day (28,600Harlem frontage, 10,300 Vollmer Rd.),
• Easy Access to Multiple Expressways; Only 3 miles to I-57; 1 mile to I-80,
• Located on a fast growing South Route 45 corridor,
• Frankfort- Low Will County sales tax & real estate tax
Executive Summary
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PROPERTY OVERVIEW
Sales price is $2,900,000C-1 Will County zoning,The property is currently used as a retail Garden Center/Greenhouse.Property includes:Greenhouses,Office space,Showroom.Restrooms,Warehouse with overhead doors,7.99 acres
LOCATION OVERVIEW
The property is located in Frankfort. Frankfort is a village in WillCounty, Illinois. It is located ¾ mile south of "BrooksideMarketplace," a 174,000 SF big box retail center occupied bySuper Target, Dick's Sporting Goods, Best Buy, Kohl's, UltaBeauty. Harlem Ave & Vollmer Rd. combined traffic counts over38,000 per day (28,600 Harlem frontage, 10,300 Vollmer Rd)
The population was 17,782 at the 2010 census, up from 10,391 in2000. Recently ranked 36th in the nation's fastest growing suburbsby Forbes Magazine, Frankfort is thriving. Known as the "Jewel ofthe South Suburbs." Frankfort has been recognized with theSouthland's Reader's Choice award for "Best Community.Experiencing rapid growth, attracting new residents, commercialand industrial businesses, Frankfort is a premier community withaward-winning schools and exceptional residential, commercialand industrial development. In 2014, Frankfort was named byChicago Magazine as one of the top places to live. In 2016Frankfort was named one of the top ten communities for Illinoisfamilies, and voted among the top 12 safest communities in Illinois.
Chicago is the third largest metropolitan area in the United Stateswith nearly 9.5 million people. The city is an international hub forfinance, commerce, industry, technology, telecommunications, andtransportation, with O’Hare International Airport being thesecond-busiest airport in the world in terms of traffic movements.
Property Description
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SALE PRICE $2,900,000
LOCATION INFORMATION
Street Address 19600 S. Harlem Ave.
City, State, Zip Frankfort, IL 60423
County/Township Will
Market Chicago
Submarket South Surburban /Will County
BUILDING INFORMATION
Building Size 28,800 SF
Price / SF $100.69
Tenancy Single
Number Of Floors 1
Load Factor Yes
PROPERTY DETAILS
Property Type Retail
Property Subtype Street Retail
Zoning C-1
Lot Size 7.99 Acres
APN# 1909124220420000
Submarket South Surburban /Will County
Lot Frontage 665
Lot Depth 520
Traffic Count 38,000
Traffic Count Street Harlem Ave & Vollmer Rd.
MLS ID# 10118405
PARKING & TRANSPORTATION
Parking Price Per Month $64/month
Parking Type Surface
Property Details
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POPULATION 1 MILE 3 MILES 5 MILES
Total population 6,968 53,128 155,077
Median age 37.8 39.9 39.4
Median age (male) 36.0 37.4 37.6
Median age (Female) 39.2 41.6 40.8
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,445 19,116 55,750
# of persons per HH 2.8 2.8 2.8
Average HH income $82,329 $83,872 $86,395
Average house value $220,719 $278,996 $285,495
* Demographic data derived from 2010 US Census
Demographics Map
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