December 15, 2022 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of the Sherwood Plaza in Calumet City, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,850,000.
Sherwood Square is located at 668-702 River Oaks Drive in Calumet City, Illinois. The Property consists of 22,197 square feet and is positioned on a 1.13-acre parcel of land. Sherwood Plaza is 100% leased to eleven (11) tenants and is anchored by Kids Academy. The Property also benefits from differentiated businesses with contrasting rush hours allowing for an ideal synergy and mutual benefit across the property. Positioned near the signalized intersections of Burnham Avenue and River Oaks Drive (159th Street), the center benefits greatly from its position adjacent to Dunkin’ and McDonald’s, among dozens of other retailers along the active River Oaks trade corridor including River Oaks Mall. Sherwood Plaza offers its visitors abundant parking on a landscaped and well-maintained lot. Two entrances aid traffic flow at the center, and cross access with Dunkin’ allows for easy entry by Dunkin’ customers as well. Positioned less than 30-minutes from the Loop, Calumet City is a suburb of Chicago, and hub of the Chicago Southland.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.