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17500-17516 S Carriageway Dr 23,250 SF 100% Leased Office Building Hazel Crest, IL 60429 $2,561,513 CAD ($110.17 CAD/SF) 10.50% Cap Rate
EXECUTIVE SUMMARY
Property Description
This mixed use office/retail multi-tenant building boasts a 92% occupancy rate. Its smaller units lead to easier to lease spaces and minimal re-tenanting expenses. Building features recent facade updates, new landscaping and completely new parking lots. A new monument sign was added in November 2023. Current ownership has taken great pride in making significant improvements.
Location Description
Excellent location Interstate access via 1-294 and 1-80 at the Dixie Highway interchange is 5 minutes away Southwest corner of East carriageway Drive and 175th street. An average of 14,700 cars per day travel this major east-west thoroughfare. Public transportation is available directly to property. Local access available via Kedzie avenue. Traffic count on Kedzie is an average of 22,200 cars per day.. The property is one block north of South Suburban Hospital and a few blocks north of Homewood-Flossmoor High School
Highlights
92% occupancy!
Many recent updates including exterior painting and all new landscaping
Both north and south parking lots completely replaced to gravel base
New Monument Signage
This mixed use office/retail multi-tenant building boasts a 92% occupancy rate. Its smaller units lead to easier to lease spaces and minimal re-tenanting expenses. Building features recent facade updates, new landscaping and completely new parking lots. A new monument sign was added in November 2023. Current ownership has taken great pride in making significant improvements.
Location Description
Excellent location Interstate access via 1-294 and 1-80 at the Dixie Highway interchange is 5 minutes away Southwest corner of East carriageway Drive and 175th street. An average of 14,700 cars per day travel this major east-west thoroughfare. Public transportation is available directly to property. Local access available via Kedzie avenue. Traffic count on Kedzie is an average of 22,200 cars per day.. The property is one block north of South Suburban Hospital and a few blocks north of Homewood-Flossmoor High School
Highlights
92% occupancy!
Many recent updates including exterior painting and all new landscaping
Both north and south parking lots completely replaced to gravel base
New Monument Signage
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
23,250 SF
Building Class
B
Year Built
1981
Price
$2,561,513 CAD
Price Per SF
$110.17 CAD
Cap Rate
10.50%
NOI
$268,959 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,250 SF
Building FAR
0.27
Lot Size
1.96 AC
Zoning
B
Parking
84 Spaces (3.61 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
- Air Conditioning
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 28-36-100-016-0000 | Improvements Assessment | $184,239 CAD |
| Land Assessment | $223,078 CAD | Total Assessment | $407,317 CAD |
PROPERTY TAXES
Parcel Number
28-36-100-016-0000
Land Assessment
$223,078 CAD
Improvements Assessment
$184,239 CAD
Total Assessment
$407,317 CAD
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17500-17516 S Carriageway Dr
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