3 Storefront

1250-1254 W 127th St, Calumet Park, IL 60827
$499,000 Price
1.38% Cap Rate
7,035 Building SF
$6,893 NOI
$71 Price Per SF
Single Tenancy

1254 W 127th St | Calumet Park, Illinois

  • 1254 W 127th Street presents a compelling opportunity to acquire a multi-tenant retail asset located along a highly trafficked commercial corridor in Calumet Park. The property consists of a three-unit commercial building totaling approximately 7,000+ square feet, offering investors immediate in-place income with significant upside through lease optimization and tenant repositioning. Strategically positioned on W. 127th Street, the property benefits from strong visibility, consistent vehicle traffic, and proximity to dense residential neighborhoods, making it an ideal location for service-oriented and neighborhood retail tenants. The surrounding retail corridor features a mix of national and local businesses, providing a stable commercial environment that supports long-term tenancy. The asset has undergone recent renovations, reducing near-term capital expenditure requirements while enhancing its appeal to prospective tenants. Additionally, the property offers ample on-site parking

Highlights

  • Multi-Tenant Retail Asset – Three-unit configuration provides diversified income streams and reduces single-tenant exposure Strong In-Place Income with Upside – Existing cash flow with the opportunity to increase rents to market and improve overall returns Value-Add Opportunity – Ability to lease vacant or underutilized space and reposition tenant mix to maximize NOI Recent Capital Improvements – Renovated building minimizes near-term maintenance costs and enhances tenant appeal Flexible Tenant Use Potential – Ideal for retail, medical, office, or service-oriented users, broadening leasing opportunities

  • High-Visibility Location – Situated along W. 127th Street with strong daily traffic counts and excellent storefront exposure
  • Ample On-Site Parking – Approximately 20 parking spaces provide convenience for customers and tenants, a key suburban retail advantage
  • Dense Surrounding Demographics – Located within a well-populated residential trade area supporting consistent consumer demand

Location & Neighborhood

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