For Sale
$1,200,000

3152 111Th StChicago, IL 60655

Chicago, IL - Prime Location, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 2,500 square foot retail property, located at the hard corner of 111th and Kedzie in Chicago, Illinois (zip code 60655), presents a compelling investment opportunity. Situated on a 12,875 square foot lot, this vacant building boasts a prominent location with a large pylon sign, ensuring maximum visibility. The property benefits from high traffic volume, exceeding 33,100 vehicles per day, and is surrounded by national tenants. Its B7-11 zoning allows for versatile use, including retail, office, or convenience store operations. The building's former tenant was a 7-Eleven, connected to a Rosati's Pizza, indicating strong existing foot traffic and business potential. The area boasts a high average household income of $118,145 within a 1-mile radius and a substantial population of 156,648 within a 3-mile radius. The asking price is $1,200,000, with a net operating income (NOI) of $44,494. This property offers significant potential for steady rental income, owner-occupation, or value appreciation in a thriving market. The property is a single-tenancy building with a NNN lease type and ample parking. Convenient access to major transportation routes and amenities further enhances its appeal.

Highlights

  • High-profile corner location with national brand neighbors.
  • Large pylon sign ensures excellent visibility.
  • Flexible space ideal for retail, office, or convenience store.
  • High traffic count of 33,100 vehicles daily.
  • Strong demographics: 156,648 residents within 3 miles.
  • Excellent potential for rental income or owner-occupancy.

Property Details for 3152 111Th St

Property type
Retail properties, Restaurants
Square Feet
2,500 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.691807896651
Longitude
-87.700198165326
3152 111Th St, Chicago, Illinois

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3152 111Th St
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