Tri City | 1604-1618 Sibley Blvd
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Tri City 1604-1618 Sibley Blvd
9,750 SF 100% Leased Retail Building Calumet City, IL 60409 For Sale
Executive Summary
The retail property at 1604-1618 Sibley Boulevard, encompassing 9,900 square feet, is strategically situated in the bustling Chicago suburb of Calumet City. This prime location on Sibley Boulevard, a corridor with a daily traffic count of 31,000 vehicles, ensures exceptional visibility and offers direct access to the I-94, enhancing its connectivity. Presently, the building boasts 100% occupancy, with a diverse tenant roster that includes professional office users and retailers serving the local community. For discerning investors, this asset represents a robust investment opportunity, characterized by its ability to generate strong cash flow from a stable base. The property’s advantageous positioning in a busy Chicago submarket further bolsters its potential for significant rental growth and underscores its redevelopment prospects. This combination of factors—strategic location, 100% occupancy, and redevelopment potential—makes the property an attractive proposition for those seeking to capitalize on the dynamic real estate landscape, offering both immediate returns and future growth opportunities.
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,750 SF
Building Class
C
Year Built
1969
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.46
Land Acres
0.49 AC
Zoning
B
Parking
29 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £68,019 | |
Land Assessment | £12,962 | Total Assessment | £80,982 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£12,962
Improvements Assessment
£68,019
Total Assessment
£80,982
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Tri City | 1604-1618 Sibley Blvd
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