900 Randolph StChicago, IL 60607

Property Details for 900 Randolph St

Year built

1879

Lot size

0.11 AC

Property size (Sq ft)

5,100 SF

Property type

Retail space

Property subtype

Storefront properties

APN

17-08-432-013

APU

1708432013

Description

This exceptional 23,711 square foot shopping center, located at 900 W Randolph Street in Cook County, presents a compelling investment opportunity. Currently offering multiple tenancies, this property boasts a strong existing occupancy rate with only 2,658 square feet currently vacant, providing immediate income potential and the flexibility to tailor the space to suit a variety of retail businesses. The building's substantial size allows for diverse tenant mixes, creating a vibrant and attractive shopping destination. The strategic location within Cook County ensures high visibility and accessibility for customers, benefiting from significant foot traffic and convenient transportation links. This property is ideal for investors seeking a well-established retail center with immediate income generation and significant upside potential through lease-up of the vacant space. The existing tenants provide a stable foundation, while the available space offers the opportunity to attract new businesses and further enhance the property's value. This is a rare opportunity to acquire a well-positioned retail center in a thriving market. The property's size and location make it an attractive proposition for both established retailers and emerging businesses. Serious inquiries are encouraged to explore this exceptional investment opportunity further. Detailed financial information and lease terms are available upon request. Don't miss out on this chance to secure a prime retail asset in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,409,322

  6.5%

  $2,223,990

  7%

  $2,065,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,673,973

  Geo Method

  $1,673,973

• Alternative Use

  Use

  Valuation

  Residential

  $1,876,018

  Hospitality

  $1,718,423

  Educational

  $1,429,708

  Medical

  $1,478,878

  Retail

  $2,223,990

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8847

Longitude

-87.65

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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