Crest Court
17500 E. Unit C Carriageway Dr. | Hazel Crest, IL 60429
$1,835,000
Sale Price
Property Details
| Sale Price: | $1,835,000 |
| Property Type: | Office |
| Building Class: | B |
| Building Size: | 23,203 SF |
| NOI: | $159,888.00 |
| Cap Rate: | 8.71% |
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 awaySouthwest 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
Map
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| Sale Brochure (Network) | |
| Lease Brochure (Network) | |
| Offering Memorandum |
| 1 Miles | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total households | 4,224 | 27,247 | 73,233 |
| Total population | 11,827 | 74,373 | 198,546 |
| Persons per household | 2.8 | 2.7 | 2.7 |
| Average household income | $89,890 | $99,949 | $93,547 |
| Per capita income | $32,103 | $37,018 | $34,647 |
| Average house value | $196,942 | $217,040 | $209,528 |
| Average age | 41 | 41 | 41 |
| Average age male | 39 | 39 | 39 |
| Average age female | 43 | 43 | 43 |
| Population hispanic | 5.8% | 10.6% | 19.6% |
| Population non-hispanic | 11,139 | 66,489 | 159,616 |
| Population white | 10.6% | 19.5% | 27.0% |
| Population black | 81.3% | 67.5% | 52.1% |
| Population american indian | 0.2% | 0.3% | 0.6% |
| Population asian | 0.5% | 1.1% | 1.4% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population other | 2.9% | 5.3% | 10.7% |