Pacesetter Plaza

For Sale

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

This South Holland property for sale is located at 1000-1058 East 162nd Street. The current listed sale price for Pacesetter Plaza is $4,340,000. Pacesetter Plaza is situated on a lot that is 2.27 acre in size.

Contacts

broker

Brad Belden

Colliers

Property Details

  • 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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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

Attachments

Getting around

  • 80/100

    Walk Score ®

  • 32/100

    Transit Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City South Holland, IL
  • Neighborhood South Holland
  • Zip Code 60473
  • Market Chicago

Points of Interest

  • Harvey

    2.69 miles

  • Ivanhoe

    2.95 miles

  • Riverdale

    3.47 miles

  • Hazel Crest

    3.71 miles

  • Hegewisch

    4.01 miles

  • Calumet

    4.12 miles

  • Hammond Gateway

    4.23 miles

  • Homewood

    4.74 miles

  • State Street

    5.28 miles

  • Stewart Ridge

    5.45 miles

  • BP

    0.08 miles

  • Thorntons

    0.19 miles

  • Marathon

    0.20 miles

  • Love's

    0.66 miles

  • Citgo

    0.99 miles

  • Shell

    1.16 miles

  • Mobil

    1.30 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

    4.75 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

    0.67 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

  • Food 4 Less

    1.58 miles

  • Marshalls

    1.59 miles

  • JCPenney

    1.86 miles

  • Macy's

    1.89 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brad Belden

Colliers