SQUARE FEET6,250
MLS#12746756
STATUSNew
PROPERTY TYPECommercial - Retail
Property Description
South Holland Retail Strip building, located on well-traveled thoroughfare with good visibility. The building consists of four units with a total area of 6250 sqft. Construction is all masonry, built in 2008, with layout typical of in-line retail strip centers. Each unit is accessible from the street-facing side, with employee-only entrance/exit door on the rear side of the building. Unit 645, Seafood Junction, with a 1200 sqft area, on a Modified Gross terms has a projected yearly rent of $34,067/$28.18 per sqft. Unit 641, Flavor Addicts, with a 1200 sqft area, on a Modified Gross terms has a projected yearly rent of $36,000/$30.00 per sqft. Unit 637, is vacant. The projected rent as stabilized, should follow that of unit 641, with favorable terms. Units 629-633, combined units, with Serenity Home Health, is leased at $34,161/$21.03 sqft on Triple Net lease terms. Fully stabilized projected income is at $140,227, with expense reimbursements at $38,700, giving gross potential at $178,927. Effect gross income is at $173,560. Projected expenses at 101,351. NOI is calculated at $72,208 with vacancy and collection loss at 3.00%, which is consistent with market expectations. Current as is capitalization rate applied is 8%. Building is in good condition. Overall lot area is 18,393 sqft, with an asphalt paved parking area with 30 spaces.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.43 Acres
Stories: 1.0
Taxes: $62,549
Year Built: 2008
Feature Descriptions
Current Use: Commercial, Legal Non Conforming, Medical/Dental
Electric: Separate Meters
Fire Protection: Fire Extinguisher/s
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls
Lot Dimensions: 124x148
Number of Tenant(s): 3
Parcel#: 29222010460000
Parking: 19-30 Spaces
Tenant Pays: Air Conditioning, Common Area Maintenance, Taxes
Units: 4
Listed By / Shown By
Listed By
Agency Name: L & B All Star Realty Advisors LLC
Agency Phone: 312-925-0900
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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629-645 E 162nd Street | MLS# 12746756
This commercial property located at 629-645 E 162nd Street, South Holland, IL 60473 is currently listed for sale with an asking price of $900,000. Search South Holland real estate on www.bhhscrosby.com today.