10628 Halsted StChicago, IL 60628

Property Details for 10628 Halsted St

Year built

1964

Lot size

0.31 AC

Property size (Sq ft)

8,300 SF

Property type

Retail properties

Property subtype

Retail space

APN

25-17-230-070

APU

2517230070

Description

This exceptional retail property, located at 10628 S Halsted St in Chicago's Morgan Park community, offers 9,260 square feet of space in a three-suite strip center. Currently, 6,780 square feet are available, divisible into units ranging from 1,000 to 3,100 contiguous square feet. The property sits on a 0.4-acre lot and boasts ample parking, a significant advantage in this densely populated area. The building is undergoing exterior renovations, updating the façade with a modern design. This prime location benefits from high traffic volume, with approximately 18,800 vehicles per day (VPD) on Halsted Street and 4,700 VPD on 107th Street. The property is situated in Cook County, Illinois, within the Southside submarket and offers a unique opportunity for businesses seeking high visibility and accessibility in a thriving community. The property's ideal size and flexible lease options make it suitable for a variety of retail uses. This is a rare chance to secure a well-located retail space in a rapidly developing area of Chicago.

• CAP approach

  CAP return

  Valuation

  6%

  $3,921,054

  6.5%

  $3,619,434

  7%

  $3,360,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,724,309

  Geo Method

  $2,724,309

• Alternative Use

  Use

  Valuation

  Residential

  $3,053,128

  Hospitality

  $2,796,649

  Educational

  $2,326,779

  Medical

  $2,406,800

  Retail

  $3,619,434

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7004

Longitude

-87.643

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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