Retail Space - For Sale
3400 - 3498 Vollmer Rd Olympia Fields, IL 60461
Details & Description
Price: $6,125,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 5.620
  • Building Sq Ft 54,848
  • Building Price per Sq Ft $111.67
  • Land Sq Ft 244,807
  • Land Price per Sq Ft $25.02
Caton Commercial Real Estate has been retained to exclusively offer for sale Olympia Square Shopping Center at 3400-3498 W Vollmer Rd in Olympia Fields, IL. The 54,848 SF grocery anchored shopping center is situated on 5.62 acres. The center has excellent access and visibility at the signaled intersection of Vollmer Rd and Governors Hwy with over 30,000 vehicles per day. Two curb cuts, one each from Governors Hwy and Vollmer Rd. 430 ft. of frontage on Vollmer Rd and 657 ft. on Governors Hwy.The property is less a mile from Franciscan St. James Hospital and the Olympia Fields Country Club and Metra Train Station are approximately a half mile east. Conviently located just two miles from I-57 interchange on Vollmer Rd and minutes from the prestigious Olympia Fields Golf & Country Club. The average household income with 1 miles is $104,255.
Property Highlights
 Strong historical occupancy with 80% of the current tenant GLA in place since 2012 or earlier. Longest tenant d
 100% occupied grocery anchored shopping center with +/-12,000 SF vacant outlot building for value-add upside
Additional Photos
Listing Agents
Autumn Psaros

O: 224-218-5447
M: 574-707-5434
autumn@catoncommercial.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3400 - 3498 Vollmer Rd

Olympia Fields, IL 60461

Olympia Square Shopping Center

Listing ID: 298588
$6,125,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 5.620
  • Building Sq Ft 54,848
  • Building Price per Sq Ft $111.67
  • Land Sq Ft 244,807
  • Land Price per Sq Ft $25.02
  • 3400 - 3498 Vollmer Rd Olympia Fields, IL 60461 | for Sale | Photo 1
  • 3400 - 3498 Vollmer Rd Olympia Fields, IL 60461 | for Sale | Photo 2
  • 3400 - 3498 Vollmer Rd Olympia Fields, IL 60461 | for Sale | Photo 3
  • 3400 - 3498 Vollmer Rd Olympia Fields, IL 60461 | for Sale | Photo 4
3400 - 3498 Vollmer Rd | for Sale | Thumbnail 1
3400 - 3498 Vollmer Rd | for Sale | Thumbnail 2
3400 - 3498 Vollmer Rd | for Sale | Thumbnail 3
3400 - 3498 Vollmer Rd | for Sale | Thumbnail 4
Property Highlights
 100% occupied grocery anchored shopping center with +/-12,000 SF vacant outlot building for value-add upside
 Strong historical occupancy with 80% of the current tenant GLA in place since 2012 or earlier. Longest tenant d
 Bizios Fresh Market recently signed a 5-year lease extension
 Three tenants renewed/extended their lease terms in the past 12 months
 Entire parking lot stripped and resurfaced in 2016; a capital improvement of approximately $210,000
Description

Caton Commercial Real Estate has been retained to exclusively offer for sale Olympia Square Shopping Center at 3400-3498 W Vollmer Rd in Olympia Fields, IL. The 54,848 SF grocery anchored shopping center is situated on 5.62 acres. The center has excellent access and visibility at the signaled intersection of Vollmer Rd and Governors Hwy with over 30,000 vehicles per day. Two curb cuts, one each from Governors Hwy and Vollmer Rd. 430 ft. of frontage on Vollmer Rd and 657 ft. on Governors Hwy.

The property is less a mile from Franciscan St. James Hospital and the Olympia Fields Country Club and Metra Train Station are approximately a half mile east. Conviently located just two miles from I-57 interchange on Vollmer Rd and minutes from the prestigious Olympia Fields Golf & Country Club. The average household income with 1 miles is $104,255.

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Olympia Fields Area Market Trends

Listing Demographics for 3400 - 3498 Vollmer Rd Olympia Fields, IL 60461

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,75378,907180,805
Population Median Age454039
Population by Age0-9 Yrs672 (11%)9207 (11%)21892 (12%)
10-19 Yrs690 (11%)11496 (14%)27478 (15%)
20-29 Yrs396 (6%)10101 (12%)22373 (12%)
30-39 Yrs439 (7%)8408 (10%)19653 (10%)
40-49 Yrs765 (13%)9510 (12%)24106 (13%)
50-59 Yrs850 (14%)11349 (14%)24515 (13%)
60-69 Yrs934 (16%)10176 (12%)21785 (12%)
70+ Yrs1006 (17%)8660 (10%)19003 (10%)
Median HH Income$88,302$76,836$64,276
Total Household Income< 24K222 (9%)4466 (15%)13248 (19%)
25-49K318 (13%)4694 (16%)12638 (19%)
50-74K385 (16%)4642 (16%)12109 (18%)
75-99K481 (20%)4767 (16%)9349 (14%)
100-199K579 (24%)7741 (27%)15975 (24%)
200K+377 (15%)1995 (7%)2950 (4%)
Highest Education LevelNo Diploma8735479970
Diploma or GED6981125130141
Some College9531431732010
Assoc. Degree209430310417
Bachelors Degree12121105921992
Higher Degree1020855015386
Total Housing Units2,49930,96073,038
--Owner-Occupied2,11022,04446,832
--Renter-Occupied2536,26019,436
Owner-Occupied Values< 100K147488313366
100-199K6501067121722
200-299K56740088022
300-399K41314152303
400-499K156627773
500K+176441646
Total Working Age Population4,64762,790141,490
In Work Force2,69139,49490,079
Not In Work Force1,95723,29651,411
Workforce Employed2,39835,60780,205
Workforce Unemployed2933,8649,735
Civlian Workforce2,69139,47189,940
Military Workforce023139
Total Households2,36328,30566,268
Family Households1,56119,05843,231
Non-Family Households8029,24723,038
Married Couple1,29212,17226,046
Other Family2696,88617,185
Married w/Child4584,4789,258
Single Male w/Child548521,773
Single Female w/Child842,0946,404

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243
Will County502,266+35677,560+34907,625+201,093,207

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago Midway International Airport (MDW) 18
Chicago O'Hare International Airport (ORD) 33
South Bend Regional Airport (SBN) 72
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