Coldwell Banker Commercial is pleased to present Olympia Square Shopping Center, a regional shopping center located in Olympia Fields. The property is currently over 86% occupied by a diverse mix of tenants that include restaurants, medical, health club facility grocery store, specialized service providers, as well as specialty retail stores. Olympia Fields Shopping Center containS 54,858 square feet of lea-sable retail space, consisting of two buildings free standing buildings one being a strip mall. Twelve unit strip mall with two buildings on a single pin lot at the intersection of Vollmer Rd and Governor Hwy consisting of various businesses from restaurants, retail, medical and fitness center. With over 257 asphalt parking spaces and well maintained landscaping surrounding the property. The trip plaza is a 9 unit-single story brick building with a covered walkway and the second building is a 3 unit two story brick elevator building with a covered walkway. Being only 5 Min or 2 miles from the major expressway Hwy 57.
| Property Type | Retail |
|---|---|
| Property Use | Rental or Investment |
| Year Built | 1985 |
| Renovated Year | 1992 |
| Level Number | 1 |
| Lot Dimensions | 244807.2 SF |
| Sub-Lease | 12 |
| Zoning | B-2 |
| Tax Year | 2019 |
| Cap Rate Percentage | 8.15 |
| Listing ID | VN9FG8 |
| Style | Retail Bldg -Neighborhood Ctr |
| Building Size | 54,858 SF |
| Lot Size | 5.62 AC |
| Available Date | Jul 13th, 2020 |
| Taxes | $348,616 |
Property Highlights
Anchored by Charter Fitness & Chiro One Wellness Center Currently Over 86% Occupied With An Excellent Unit Mix Lighted Corner Location I High Visibility With A Traffic Count Of 58,500 Vehicles Per Day Three Access Points, Including Full Lighted Access at the Southern End Of The Property Less Than A Quarter Mile From New Assisted Living Development I 126 Units Average Household Income Of $160,785 Within One-Mile
Area DescriptionArea Description: Olympia Fields is centrally located 27 miles from downtown Chicago, via Interstate 94 and Interstate 57. Interstate 80 is approximately three miles from the village's northern border and runs east and west all the way across the nation from New York to California. The village is approximately a 45-minute drive from Chicago's two major airports. Metra trains provide quick, convenient and safe transportation to downtown Chicago's thriving business district as well as a host of world class universities and colleges, from two stations, one on the north and south side of town. The village express trains reach Randolph Street Station on Michigan Avenue in 40 minutes; 55 minutes with local stops. PACE buses provide local transportation. Parking at the Metra train station is convenient. Commuter parking is readily accessible and convenient for residents and neighboring communities at our two Metra facilities. In addition to the existing 274 spaces at the 211th Street Metra Commuter Parking Lot Facility, the village has partnered with Metra and has built a state-of-the-art commuter parking facility, located at 203rd Street and Kedzie Avenue, which has 529 well lit spaces available for daily rates.
Region: Olympia Fields
Region: Olympia Fields
Region: Central United States
Region: Central
Region: Illinois
| Anchor Name: | Charter Fitness & Chiro One |
| Parking Ratio: | 4.86 |
| Parking Places: | 257 |
| Location Name: | 3400-3498 W. Vollmer Road |
| Age: | 31-40 Years Old |
| Cooling: | Central A/C |
| Lot Size: | 5-10 Acres |
| Sewer: | City |
| Water: | City Water |
| Down Payment: $1,755,000 |
| Gross Income: $1,106,705 |
| Expenses: $475,752 |
| Loan Payment: $4,095,000 |
| Fully Leased Income: $1,106,705 |
| Cash Flow: $210,607 |
| Confidentiality Agreement |
| Two Page Flyer |
| 3400 Vollmer Road Shopping Center Drone Video |
| Youtube Video |
Suite: Unit 3406
1,718 Square Feet
$17.46 SF/Month
Suite: Unit 3410
6,000 Square Feet
$17.60 SF/Month
