5521 Kedzie Ave Chicago, IL 60629

This exceptional Class A retail shopping center, built in 2018, offers a compelling investment opportunity. Located in Chicago's Gage Park neighborhood at 5521 S Kedzie Ave, this 12,512 square foot property boasts a 100% occupancy rate with five tenants, including a strong medical presence (56% of GLA). The tenant mix features Midwest Express Clinic, Saint Anthony Hospital, Kidzee Dental, T-Mobile (corporate location), and Snipes (a top-performing location). The property benefits from a strategic location with high visibility to 32,700 vehicles daily, enhanced by prominent signage. A shared surface parking lot with multiple access points and proximity to a high-performing Starbucks and Esporta Fitness further enhance its appeal. The property features high-end masonry construction with shallow-depth bay retail suites. The current Net Operating Income (NOI) is $401,418, with a pro-forma NOI of $403,156, yielding a 6.75% cap rate and a pro-forma cap rate of 6.78%. The asking price is $5,950,000 ($475/sq ft). The property is fee simple ownership, with a 4.2-year remaining lease term (weighted average) and lease options ranging from 2 to 5 years. Corporate guarantees are in place for tenant credit. The 0.81-acre lot is zoned commercial. This is a core+ investment with a strong tenant lineup and significant upside potential. The property is situated within a 3-mile radius of over 250,000 people and is conveniently located 2.5 miles from Chicago Midway International Airport.