For Sale
$900,000

633 Plymouth Ct Chicago, IL 60605

Chicago Retail Condo, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 9,941 square foot retail storefront condo in Chicago's Printers Row presents a compelling investment opportunity. Built in 2022, the property boasts three units currently operating at 100% occupancy with a Net Operating Income (NOI) of $68,407, yielding a 7.6% cap rate. The asking price is $900,000, translating to $135 per square foot. Each of the three tenants is on a NNN lease, offering a stable income stream. The property sits on a 10,070 square foot lot and is ideally located within walking distance of the Red and Blue CTA lines, offering convenient access to public transportation. Its prime location also provides proximity to Lake Michigan, the Shedd Aquarium, Soldier Field, and the Adler Planetarium, enhancing its appeal and potential for future growth. The leases are short-term, presenting an opportunity to adjust rental rates to reflect current market conditions. This versatile property is suitable for both passive investors seeking strong cash flow and owner-occupants looking to offset costs with rental income. Ample adjacent parking further enhances the property's desirability. This is a rare opportunity to acquire a high-performing retail property in a highly sought-after Chicago location.

Highlights

  • Rare investment opportunity in Chicago's Printers Row.
  • Ample adjacent parking.
  • Walking distance to Red and Blue CTA lines.
  • Prime location near Lake Michigan, Shedd Aquarium, Soldier Field, and Adler Planetarium.
  • $900,000 purchase price.
  • $68,407 Net Operating Income (NOI) with a 7.6% cap rate.

Property Details for 633 Plymouth Ct

Property type
Retail properties, Retail space
Square Feet
9,941 SF
Year Built
2022
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8734576
Longitude
-87.6284325

FAQs

What type of property is this?
Retail property - Chicago Retail Condo, High NOI
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 $900,000.
What are key features of this property?
This property features: Rare investment opportunity in Chicago's Printers Row.; Ample adjacent parking.; Walking distance to Red and Blue CTA lines.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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633 Plymouth Ct
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