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

Are you interested?

Schedule a Tour

Michael Kang

(773) 985-7153 [email protected]

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

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

In Person

Via Video Chat

Your full name*

Your Phone*

E-mail Address*

Middle Name

I agree to be contacted by Spacematch Inc. via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy.

Change time

Thank you

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

Featured Properties

For Sale
$2,700,000

222-232 W Galena Boulevard, Aurora, IL 60506

MLS #: 12584023
- 15,939 Sq.Ft.
Pending
$1,425,000

8450 N Shermer Road, Niles, IL 60714

MLS #: 12581091
- 5,000 Sq.Ft.
Pending

$990,000

1651 N Karlov Avenue, Chicago, IL 60639

MLS #: 12544139
For Sale
$699,900

2541 Cobblewood Drive, Northbrook, IL 60062

MLS #: 12720114
- 4 Beds
- 3 Baths
- 2,212 Sq.Ft.
For Sale
$675,000

4203 W Lawrence Avenue, Chicago, IL 60630

MLS #: 12544597
- 2,700 Sq.Ft.
For Sale
$549,000

1310 N Ritchie Court Unit: 7D, Chicago, IL 60610

MLS #: 12661211
- 3 Beds
- 2 Baths
- 1,550 Sq.Ft.
For Sale
$465,000

7841 S Wolcott Avenue, Chicago, IL 60620

MLS #: 12728571
- 9 Beds
- 4 Baths
Active Under Contract
$299,900

348 W 14th Street, Chicago Heights, IL 60411

MLS #: 12490087
- 4,829 Sq.Ft.
For Sale
$294,995

11603 S Loomis Street, Chicago, IL 60643

MLS #: 12713479
- 4 Beds
- 2 Baths
- 1,400 Sq.Ft.
Active Under Contract
$231,500

10036 S Saint Lawrence Avenue, Chicago, IL 60628

MLS #: 12513374
- 3 Beds
- 2 Baths
- 890 Sq.Ft.
For Sale
$231,000

7230 S Champlain Avenue, Chicago, IL 60619

MLS #: 12544626
- 4 Beds
- 2 Baths
- 959 Sq.Ft.
For Sale
$189,000

234 W 117th Street, Chicago, IL 60628

MLS #: 12715255
- 3 Beds
- 2 Baths
- 1,500 Sq.Ft.
Pending
$72,500

15849 Greenwood Road, South Holland, IL 60473

MLS #: 12281045
- 2 Beds
- 1 Bath
- 780 Sq.Ft.
For Sale

$38,500

1401 E 71st Place, Chicago, IL 60619

MLS #: 12549354
For Lease
$2,000/mo

7152 S Racine Avenue Unit: 2, Chicago, IL 60636

MLS #: 12729032
- 2 Beds
- 1 Bath
For Lease

$26/mo

6047 W Addison Street, Chicago, IL 60634

MLS #: 12642151