3214 Kimball AveChicago, IL 60618

Property Details for 3214 Kimball Ave

Year built

1987

Lot size

0.10 AC

Property size (Sq ft)

10,200 SF

Property type

Retail properties

Property subtype

Retail space

APN

13-23-409-034

APU

1323409034

Description

This exceptional retail opportunity is located in a high-traffic center on Kimball Avenue at Belmont, offering unparalleled visibility from I-90. The property features a prominent location directly adjacent to a Dunkin' Donuts, ensuring high foot traffic and brand synergy. The plaza benefits from large pylon signage, providing excellent brand exposure for tenants. Ample parking is available for customers and employees. The strategic location at the I-90 and Kimball on- and off-ramps guarantees convenient access for drivers. The property's immediate vicinity includes a Shell gas station, further enhancing its appeal to consumers. This thriving retail intersection boasts a strong mix of established businesses, including Aldi, Walgreens, and TJ Maxx, creating a vibrant and attractive shopping destination. The proximity to the Belmont CTA Blue Line stop provides convenient public transportation access, expanding the potential customer base. This multi-tenant retail space presents a unique opportunity for businesses seeking high visibility, convenient access, and a strong surrounding retail environment. The property's strategic location and established tenant mix make it an ideal investment for businesses seeking to establish a strong presence in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,513,442

  6.5%

  $4,166,254

  7%

  $3,868,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,347,946

  Geo Method

  $3,347,946

• Alternative Use

  Use

  Valuation

  Residential

  $3,514,391

  Hospitality

  $3,219,163

  Educational

  $2,678,306

  Medical

  $2,770,417

  Retail

  $4,166,254

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9398

Longitude

-87.7129

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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