2520 Lincoln Highway,Olympia Fields, IL 60461
Olympia Fields, IL 60461
Description
Strategically located, fully occupied retail strip center in the heart of Olympia Fields at 2520 Lincoln Highway, offering investors a rare opportunity to acquire a stabilized neighborhood center with upside potential. The property features 9,245 SF of net rentable area across six units with a strong mix of long-term tenants, including several occupants in place for 10+ years and nationally recognized credit tenants such as Bank of America and GameStop. Positioned on heavily traveled Lincoln Highway with approximately 27,500 vehicles per day, the center benefits from outstanding exposure, convenient access, and a prominent monument sign directly in front of the property. Situated across from Walmart Supercenter and surrounded by national retailers including McDonald's, Walgreens, Food 4 Less, O'Reilly Auto Parts, AT&T, and other major traffic generators, this location draws consistent consumer activity. Olympia Fields is one of the Southland's most established and affluent communities, with strong household incomes and a desirable suburban customer base. The property is also conveniently located near Western Avenue, Governors Highway, Interstate 57, and nearby Metra stations, providing strong regional connectivity for both customers and employees. This asset offers dependable in-place cash flow with potential future upside through rent adjustments and continued operational efficiencies. A strong long-term hold in a proven retail corridor, this property is well positioned to benefit from ongoing retail demand and inflation-resistant income growth.
Details
| MLS # | 12616814 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 2002 |
| Days On Site | 166 |
| Listing Provided By | Landmark Property Management, Inc. | Jason Marcordes |
Features
| SQ Feet | 9,245 |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Acreage | 0.71 |
Interior
| Cooling | Central Individual |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 81229.81 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Olympia Fields |
| Zip Code | 60461 |
| Area | Olympia Fields |
| Listing VS Median (in 60461) | |
Price: $1,900,000 low | high Med: $372,300 sqft: 9,245 low | high Med: 2,773 $ / sqft: $206 low | high Med: $138 On site: 166 low | high Med: 18.5 | |
Market Activity 60461
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Olympia Fields |
| Zip Code | 60461 |
| Area | Olympia Fields |
| Listing VS Median (in 60461) | |
Price: $1,900,000 low | high Med: $372,300 sqft: 9,245 low | high Med: 2,773 $ / sqft: $206 low | high Med: $138 On site: 166 low | high Med: 18.5 | |
