For Sale
$810,000

633 Plymouth CtChicago, IL 60605

Chicago Storefront - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional 6,895 square foot, multi-tenant retail storefront at 633 S Plymouth Ct, Chicago, IL 60605, is a prime investment opportunity. Currently boasting 100% occupancy across three units, this Class B building offers a stabilized investment with an 8.37% cap rate and an asking price of $810,000 ($117.48/sq ft). Built in 1906 and zoned DX-12, the property benefits from a strong location within walking distance of the Red and Blue lines, providing convenient access for both residents and visitors. The building serves the 92 residential units above and the surrounding community. Proximity to Lake Michigan, popular attractions, and adjacent parking enhances its appeal. The major tenant holds a lease extending to September 2029, while the remaining two leases expire in mid-2024 and 2026, presenting potential for future lease renegotiations. The building is well-maintained and features a tenant association for the residential units. This is a rare opportunity to acquire a high-performing retail property in a desirable Chicago location. The property is for sale by owner.

Highlights

  • 6,895 SF multi-tenant retail building at 633 S Plymouth Ct, Chicago, IL.
  • 100% occupied with three units, offering an 8.37% cap rate and $810,000 asking price ($117.48/SF).
  • Class B building, built in 1906, zoned DX-12, with strong location near Red & Blue lines.
  • Serves 92 residential units above and surrounding community, near Lake Michigan and parking.
  • Major tenant lease extends to September 2029; other leases expire mid-2024 and 2026.

Property Details for 633 Plymouth Ct

Property type
Retail properties, Retail space
Square Feet
6,895 SF
Class
B
Year Built
1906
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.873519905563
Longitude
-87.628685021411
633 Plymouth Ct, Chicago, Illinois

FAQs

What type of property is this?
Retail property - Chicago Storefront - High Occupancy
Where is the retail property located?
The property is located at 633 Plymouth Ct Chicago, IL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 6,895 SF multi-tenant retail building at 633 S Plymouth Ct, Chicago, IL.; 100% occupied with three units, offering an 8.37% cap rate and $810,000 asking price ($117.48/SF).; Class B building, built in 1906, zoned DX-12, with strong location near Red & Blue lines.
How can I contact the broker?
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633 Plymouth Ct
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