For Sale
$989,000

7122 Vincennes Ave Chicago, IL 60621

High-yield, 5-tenant retail center.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 7,365 sq ft shopping center in Chicago, IL presents a compelling investment opportunity. Located at 7122 S Vincennes Ave, this single-story, 6-unit property boasts 100% occupancy and a strong NOI of $119,407, generating a 12.07% cap rate. Built between 2008 and 2010, the property sits on a 0.49-acre lot and is zoned C1-2, offering versatility for various retail uses. The gross lease structure ensures consistent income from five tenants. The asking price is $989,000, translating to $134.28 per square foot. This well-maintained property offers a secure investment with significant potential for future growth in a vibrant Chicago location. The property's strong financial performance and prime location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable Chicago neighborhood. The property's solid financials, coupled with its strategic location, promise a stable and lucrative investment for years to come. The 100% occupancy rate and strong NOI demonstrate the property's inherent value and potential for continued success. Don't miss this chance to secure a prime retail investment in a thriving Chicago market.

Highlights

  • $989,000 asking price for a 7,365 square foot shopping center.
  • Located at 7122 S Vincennes Ave, Chicago, IL 60621, on a 0.49-acre lot.
  • Class C, single-story building constructed in 2008/2010 with 6 units and 5 tenants.
  • 100% occupancy generating a $119,407 NOI and a 12.07% cap rate.
  • Gross lease type with a $134.28 price per square foot.

Property Details for 7122 Vincennes Ave

Property type
Lifestyle centers, Power centers
Square Feet
7,365 SF
Class
C
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
21,344 SF
Units
6

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7645976
Longitude
-87.628934

FAQs

What type of property is this?
Lifestyle center - High-yield, 5-tenant retail center.
Where is the lifestyle center located?
The property is located at 7122 Vincennes Ave Chicago, IL.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: $989,000 asking price for a 7,365 square foot shopping center.; Located at 7122 S Vincennes Ave, Chicago, IL 60621, on a 0.49-acre lot.; Class C, single-story building constructed in 2008/2010 with 6 units and 5 tenants.
How can I contact the broker?
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7122 Vincennes Ave
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