4800 Fulton StChicago, IL 60644

Property Details for 4800 Fulton St

Year built

2011

Lot size

0.26 AC

Property size (Sq ft)

5,981 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 5,981 square foot shopping center, built in 2011, is located at 4800 W Fulton St, Chicago, IL 60644, offering a compelling investment opportunity. The property boasts a 100% occupancy rate with four tenants under a gross lease structure, generating a Net Operating Income (NOI) of $65,054, representing a 10% capitalization rate. Priced at $650,000 ($114.53/sq ft), this single-story building sits on a 0.26-acre lot and benefits from high visibility due to its location on North Cicero Avenue and Fulton Street, experiencing over 26,000 vehicles per day. The property features prominent signage, including illuminated channel signage for each tenant and a large pylon sign visible from all directions. A significant advantage is the on-site surface parking lot, a rarity for Chicago's urban core. Recent improvements include sealcoating the parking lot in 2024 and the installation of two new HVAC units (with 10-year warranties) in June/July 2024. The property's proximity to the Cicero Green Line 'L' station (less than 300 feet) provides excellent accessibility for commuters and employees in the densely populated area (over 420,000 people within a 3-mile radius). The high barriers to entry and limited retail competition further enhance the investment potential. Multiple points of ingress/egress are available from Fulton and North Cicero Avenues.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8861

Longitude

-87.7458

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