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6455 W 111th Street, Worth, IL 60482
$2,400,000 -$417,400 (-14.82%) Price Reduced
6455 W 111th Street, Worth, IL 60482View this property at 6455 W 111th Street, Worth, IL 60482
6455 W 111th StreetWorthIL60482
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Property Description
Welcome to Worth Plaza, where automotive excellence meets prime retail opportunity! Nestled along the bustling thoroughfare of 111th Street, our vibrant retail center commands attention with an impressive daily traffic count of 27,000 cars. This thriving hub is meticulously designed to cater to automotive enthusiasts and beyond. Boasting a fully leased environment, each storefront within the center represents a dynamic blend of automotive services, from top-tier repair and maintenance facilities to specialty automotive retail shops. Investors seeking a lucrative opportunity need look no further, as Worth Plaza] presents a compelling proposition with a competitive 7.5% capitalization rate. With a diverse array of tenants and a strategic location that guarantees continuous income, this investment promises steady returns and long-term growth potential.
Full Property Details
Full Property Details for 6455 W 111th St
General
- Price: $2,400,000
- Taxes: $140,856 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11622851
- Updated: 4/29/2024
- Added to Site: 600 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: Worth
- County: Cook
- Township: Worth
- Driving Directions: Take Ridgeland to 111th Street go west to property
- Location Details: Commercial Business Park, High Traffic Area
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
Structural Information
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 14,440
- Current Bldg. Use: Commercial
- Year Built: 1984
Unit Information
- # Tenants: 6
Lot Features
- Lot Size (Sq. Ft.): 54,800
- Lot Dimensions: 200 x 274
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $43,980
- Security Deposit: Other
- Assessment Year: 1984
- Tax Amount: $140,856
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer
Disclosures and Reports
- Property ID: 24192390010000
Listed by Century 21 Circle
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Schools
Schools serving 6455 W 111th St
School Districts:Worth Sd 127, Orland School District 135
Rating | Name | Grades | Distance |
---|---|---|---|
11158 S Oak Park Ave, Worth, IL 60482 | PK-5 | 0.4 mi | |
11151 S New England Ave, Worth, IL 60482 | 6-8 | 0.5 mi | |
13049 S Ridgeland Ave, Palos Heights, IL 60463 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6455 W 111th St
Date
Details
Price
Change
Source
4/23/2024
Price Reduced
$2,400,000
-14.82%
MLS
9/07/2022
Listed
$2,817,400
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6455 W 111th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$100,725
4%
$238,764
—
2021
$96,916
-6%
$238,764
-8%
2020
$103,343
17%
$260,441
24%
2019
$88,022
26%
$209,726
25%
2018
$69,904
7%
$167,244
7%
2017
$65,561
-15%
$156,941
-9%
2016
$77,053
6%
$172,184
4%
2015
$73,024
20%
$166,213
18%
2014
$60,674
-15%
$140,889
-23%
2013
$71,318
21%
$183,808
16%
2012
$59,141
—
$159,031
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6455 W 111th St
6455 W 111th Street, Worth, IL 60482 (MLS# 11622851) is a Commercial property. 6455 W 111th Street is currently listed for $2,400,000 and was received on September 07, 2022. Want to learn more about 6455 W 111th Street? Do you have questions about finding other Commercial real estate for sale in Worth? You can browse all Worth real estate or contact a Coldwell Banker agent to request more information.