801 119Th StChicago, IL 60643

Property Details for 801 119Th St

Year built

1970

Lot size

4.01 AC

Property size (Sq ft)

61,800 SF

Property type

Retail space

APN

25-29-202-001

APU

2529202001

Description

This exceptional investment opportunity presents a 61,800 square foot, single-story shopping center in Chicago's West Pullman neighborhood, situated at the prominent intersection of Halsted and 119th Street. The property boasts a 10.42% capitalization rate and a compelling asking price of $4,800,000 ($77.67/sq ft). Built in 1967 and renovated in 1983, the center features four tenants, including national brands Dollar General and Citi Trends, along with a State of Illinois Human Services office and a local family services center, ensuring a stable tenant base with corporate guarantees. The property's strong occupancy rate contributes to a substantial net operating income (NOI) of $500,217. With 300 parking spaces available across a 3-acre lot, the center offers ample convenience for shoppers. Its strategic location, just one mile east of Interstate 57, ensures high visibility and accessibility within a densely populated area. This stabilized investment is an excellent opportunity for discerning buyers seeking a strong return on investment in a prime Chicago location. The property includes one building on a single story.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.6773

Longitude

-87.6431

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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