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Crestwood Crossing 4736-4756 W Cal Sag Rd

15,812 SF 76% Leased Retail Building Crestwood, IL 60445 For Sale

Investment Highlights

  • Crestwood Crossing is a highly visible, bustling neighborhood shopping center in the suburbs of Chicago.
  • Within a 10-mile radius of a population of over 1.2 million and average household income of over $78,000, contributing to a thriving consumer base.
  • Below Market Rent: The property has an average base rent below comparable centers in the area which are averaging $35.27 per-square-foot.
  • Situated at a signalized intersection along Cal Sag Road and Cicero Avenue, providing prime exposure to over 40,200 daily drivers.
  • Major Intersection with national retailers like Target, PetSmart, Kohl’s, Wingstop, Chipotle, Party City, At Home, AMC, Starbucks, Chick-fil-A & more
  • Unanchored Class A Retail Center: Offers dimensions suitable to the largest pool of potential tenants.

Executive Summary

Crestwood Crossing at 4742-4756 W Cal Sag Road is a highly visible neighborhood shopping center along a heavily trafficked retail corridor. This single-story, 15,812-square-foot building boasts inviting storefronts along with classic brick construction and a diverse tenant mix. Tenants receive excellent frontage along the area's main thoroughfare, Cicero Avenue, with prime exposure to over 40,200 daily drivers. Ample on-site parking is present. Investors will benefit from the property's value-add opportunity with only 76% of the center leased, the new owner can improve their return quickly.

Situated about 20 miles southwest of Chicago, Crestwood Crossing serves this suburban community as a peaceful retreat from the bustle of city life. It is conveniently central, allowing for easy access to the heart of Downtown Chicago. Crestwood is connected by a web of local highways, including Interstates 80, 294, and 57, providing easy consumer access along many of the area's major retail corridors. Crestwood Crossing is surrounded by various national retailers, including Target, PetSmart, Kohl's, Wingstop, Chipotle, Party City, At Home, AMC, Starbucks, Chick-fil-A, and more. Take advantage of an exceptional investment opportunity.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,812 SF
Building Class
B
Year Built
2007
Percent Leased
76%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Land Acres
1.40 AC
Zoning
Commercial
Parking
100 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
280 ft on Cal Sag Rd

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 4742
  • 3,787 SF
  • Retail
  • In-Line
  • Now

NEC of Cal Sag Road and South Cicero Avenue. Close Proximity to I-94 and Other Majo Interstates. Over 53,000 VPD at the Intersection. Excellent Pylon Signage Opportunities at the Hard Corner. Across the Street from High Performing Rivercrest Shopping Center.

Space Size Space Use Position Available
4742 3,787 SF Retail In-Line Now

4742

Size
3,787 SF
Space Use
Retail
Position
In-Line
Available
Now

4742

Size 3,787 SF
Space Use Retail
Position In-Line
Available Now

NEC of Cal Sag Road and South Cicero Avenue. Close Proximity to I-94 and Other Majo Interstates. Over 53,000 VPD at the Intersection. Excellent Pylon Signage Opportunities at the Hard Corner. Across the Street from High Performing Rivercrest Shopping Center.

About Near South Cook

Owing to its prime accessibility via multiple interstates, six major rail lines, and proximity to Chicago Midway International Airport, the area just south and west of Chicago supports a high concentration of manufacturing and logistics employment. Local warehouse employers include furniture manufacturer Knoll (1,400 employees) in McCook, containerboard producer Packaging Corporation of America (1,000 employees) in Bedford Park, and live event materials provider GES (800 employees) in Hodgkins.

In addition to established distribution and manufacturing-oriented roots, the South Cook County area consists of several diverse, densely populated communities including nearly 200,000 residents in a seven-mile radius. As such, retail tenants and investors throughout the area are well positioned to draw from its day and night population concentrations for their customer bases. Area large retail centers include the 515,000-SF Chicago Ridge Mall in Chicago Ridge, and the 2023-built, 120,000-SF, mixed-use development Maple Leaf Crossing just across the Illinois border into Munster, Indiana.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
8,836
93,160
300,638
611,843
2029 Population
8,809
91,655
293,748
596,857
2024-2029 Projected Population Growth
-0.3%
-1.6%
-2.3%
-2.4%
Median Age
45.7
41.8
41.3
40.9
College Degree + Higher
23%
24%
28%
17%
Daytime Employees
7,054
37,093
110,510
226,004
Total Businesses
684
3,908
14,574
28,032
Average Household Income
$76,093
$84,174
$89,016
$86,757
Median Household Income
$65,298
$66,845
$68,881
$67,285
Total Consumer Spending
$105M
$1.1B
$3.4B
$6.7B
2024 Households
3,793
36,365
114,703
226,912
Average Home Value
$190,153
$223,558
$243,443
$240,322
$ values in USD

Nearby Amenities

Restaurants

Raising Cane's - - 4 min walk
Pizza Hut - - 5 min walk
Wingstop - - 5 min walk
Chick-Fil-A - - 6 min walk
Starbucks Cafe £ 6 min walk
Smoothie King - - 6 min walk
Potbelly - - 6 min walk
Subway - - 6 min walk
Culver's - - 8 min walk
Portillo's Barbecue - 7 min walk

Retail

Mattress Firm Furniture/Mattress 6 min walk
Party City Card/Gifts 7 min walk
At Home Home Accessories 7 min walk
Cricket Wireless Communications 6 min walk
Snipes Shoes 6 min walk
Ross Dress for Less Other Retail 7 min walk
Five Below Dollar/Variety/Thrift 7 min walk
GameStop Game Store 6 min walk
Menards Home Improvement 7 min walk
LA Fitness Fitness 8 min walk

Hotels

Holiday Inn Express
123 rooms
2 min drive
DoubleTree by Hilton
193 rooms
4 min drive
Days Inn
85 rooms
10 min drive
Hilton
192 rooms
9 min drive
OYO
24 rooms
10 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-34-300-018-0000
Land Assessment
£119,952
Improvements Assessment
£203,023
Total Assessment
£322,975

About the Seller

Read More
  • Listing ID: 33434448

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 4736-4756 W Cal Sag Rd, Crestwood, IL 60445

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