Hammond 1031 Exchange Properties For Sale

More details for 1243-1249 Torrence Ave, Calumet City, IL - Retail for Sale

Drive Thru Starbucks Strip Center - 1243-1249 Torrence Ave

Calumet City, IL 60409

1031 Exchange Property
Retail for Sale
$6,245,145 CAD
9,014 SF

Calumet City Retail for Sale - Near South Cook

Ally Commercial Real Estate in conjunction with CPP CRE is pleased to present the exclusive sale of Torrence Avenue Shops—a 100% occupied, trophy retail strip. Anchored by Starbucks (Drive-Thru), Verizon, Vitamin Shoppe, and GameStop, this center represents the gold standard of national-brand retail investment. Strategically located at a signalized hard corner, the property commands massive traffic flow due to it’s proximity to the River Oaks Shopping center, which is regional economic driver in the southland of Chicago. The city is also proposing a $110 MM plan to update the center. This stabilized investment delivers a secure NOI of $323,453 at a 7.19% CAP Rate.The site’s strength is also proven by its tenancy: Vitamin Shoppe recently extended its lease through 2030, and the Starbucks drive-thru provides a constant, recession-proof draw for the trade area. Furthermore, the Vitamin Shoppe lease reverts to NNN in its option periods, maximizing long-term investor returns and minimizing expense leakage. All other tenants other than Vitamin Shoppe are on NNN leases making this property a premier turnkey opportunity for an investor seeking passive income in a thriving, high-growth corridor.

Contact:

Ally Commercial Real Estate

Property Subtype:

Restaurant

Date on Market:

2026-03-03

Hide

1031 Exchange Property for Sale within 10 kilometers of Hammond, IN, USA

Calumet City Retail for Sale - Near South Cook

Contact:

Property Subtype:

Date on Market:

1031 Exchange Properties For Sale

1031 Exchange Properties