Property for Sale: 5230 159th, Oak Forest, IL 60452

$1,400,000
$1,400,000
5230 159th, Oak Forest, IL 60452
$1,400,000
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Price:
$1,400,000

Type Commercial

City Oak Forest
County Cook

MLS 12053755
Status Active Under Contract
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.

Virtual Tours for 5230 159th Oak Forest, IL

Lot & Building Features

Cooling Central Air, Central Individual
Tax Year 2023
Lot Dimensions 24396 ft

Price History of 5230 159th, Oak Forest, IL

Date Name Price Difference
12/31/1969 Listing Price $1,400,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Carole Grant
Direct: 773-251-5539
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Coldwell Banker Realty, Michael Kang & Tyrus Jenkins
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1%
6.75%
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5230 159th (MLS #12053755) is a commercial listing located in Oak Forest, IL. This property was listed on 08/27/2024 and has been priced for sale at $1,400,000.

Nearby zip codes are 60418, 60428, 60445, 60477 and 60478. This property neighbors other cities such as Country Club Hills, Crestwood, Markham, Midlothian and Tinley Park.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty