Price Reduction
Address
6455 W 111th Street, Worth, IL
Price
$ 2,400,000
Property Attributes
  • MLS#11622851
  • TypeCommercial
  • CountyCOOK
  • CityWorth
  • AreaWorth
  • Zip60482
  • StyleCommercial
  • Year Built1984
  • Taxes$ 140856
  • Price$ 2,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14440
  • Lot Size1.25803 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Welcome to Worth Plaza, where automotive excellence meets prime retail opportunity! Nestled along the bustling thoroughfare of 111th Street, our vibrant retail center commands attention with an impressive daily traffic count of 27,000 cars. This thriving hub is meticulously designed to cater to automotive enthusiasts and beyond. Boasting a fully leased environment, each storefront within the center represents a dynamic blend of automotive services, from top-tier repair and maintenance facilities to specialty automotive retail shops. Investors seeking a lucrative opportunity need look no further, as Worth Plaza] presents a compelling proposition with a competitive 7.5% capitalization rate. With a diverse array of tenants and a strategic location that guarantees continuous income, this investment promises steady returns and long-term growth potential.

Price History
9/7/2022 Listed $2,817,400
4/23/2024 15% - $2,400,000

General Features

Cooling None
Possession Closing
Zoning COMMR
Year Built 1984
Electric Circuit Breakers
Tenant Pays Air Conditioning,Common Area Maintenance,Electricity,Heat,Janitorial Service,Taxes,Insurance,Repairs,Roof,Scavenger,Sewer
Stories 1
Township Worth
Property SubType Automotive,Strip Center
Tax Year 2021
Current Use Commercial
Gross Income 367980
County Cook
Net Operating Income 183144
Operating Expense 43980
Property Type Commercial Sale
Status Active
Directions Take Ridgeland to 111th Street go west to property
City Worth
Total Units 6
MLS Area Worth
Lot Size Square Feet 54800
Street Name 111th
Tax Annual Amount 140856
Additional Parcels Y/N Yes
Leasable Area 14440
Days on Market 599
Lease Type Net
Standard Status Active
Property Type Retail/Stores

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 14440
Lot Dimensions 200X274
Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60482

Price
AVG $290K
$2.4M
Taxes
AVG $54,927
$140,856
Visits
AVG 196
308
Data Provided by Inside Real Estate®
Year Built
AVG 1977
1984
Walkscore
AVG 83
78
Data Provided by Walkscore® not using MLS data

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