5230 159th Street

Property Description

Explore this exceptional investment opportunity at 5230 159th St, Oak Forest, IL 60452. This standout retail property is ideally located at the busy corner of 159th Street and Latrobe Ave, drawing in a steady stream of foot traffic and featuring solid, long-term tenants for sustained business success. It's not just the location that's prime; this property also promises substantial income potential and robust cash flows. The site includes a freestanding building on a half-acre plot and offers extensive customer parking with 38 available spaces. The sale encompasses all fixtures, furniture, equipment (FF&E), and established goodwill. Presently valued at $1,060,000 (3rd party appraisal) with an additional $340,000 attributed to a thriving Coin Laundry and dry cleaning operation, this is a ripe prospect for any serious investor. Additional growth opportunities abound: the current business hours end at 5 PM daily, presenting the potential to increase revenue through extended hours. Furthermore, there are no vending or ancillary retail sales, avenues a new owner could develop. The Coin Laundry facility has been recently updated, with machines replaced within the last 5 to 10 years, ensuring lower maintenance costs and higher efficiency. Don't miss out on making a strategic investment in a property designed for success. All serious offers will be carefully considered. Secure this profitable venture today and watch your investment grow.

Overview

Property Status

Sold

Date Sold

January 21, 2025

Lot Size

0.56 Acres

MLS ID

12053755

Property Type

Commercial

Features & Amenities

Total Area

8,000 Sq.Ft.

Stories

Utilities

Electric to Site, Gas to Site

Air Conditioning

Central Air, Central Individual

Sales Price

$1,175,000

Real Estate Tax

$42,693/yr

Zoning

COMMR

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for your interest in 5230 159th Street, Oak Forest, IL 60452

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