7122 Vincennes AveChicago, IL 60621

Property Details for 7122 Vincennes Ave

Year built

2004

Lot size

0.16 AC

Property type

Retail space

APN

20-28-204-021

APU

2028204021

Description

This exceptional 7,365 sq ft shopping center in Chicago, IL presents a compelling investment opportunity. Located at 7122 S Vincennes Ave, this single-story, 6-unit property boasts 100% occupancy and a strong NOI of $119,407, generating a 12.07% cap rate. Built between 2008 and 2010, the property sits on a 0.49-acre lot and is zoned C1-2, offering versatility for various retail uses. The gross lease structure ensures consistent income from five tenants. The asking price is $989,000, translating to $134.28 per square foot. This well-maintained property offers a secure investment with significant potential for future growth in a vibrant Chicago location. The property's strong financial performance and prime location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable Chicago neighborhood. The property's solid financials, coupled with its strategic location, promise a stable and lucrative investment for years to come. The 100% occupancy rate and strong NOI demonstrate the property's inherent value and potential for continued success. Don't miss this chance to secure a prime retail investment in a thriving Chicago market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,354,154

  6.5%

  $3,096,142

  7%

  $2,874,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,330,433

  Geo Method

  $2,330,433

• Alternative Use

  Use

  Valuation

  Residential

  $2,611,712

  Hospitality

  $2,392,314

  Educational

  $1,990,377

  Medical

  $2,058,829

  Retail

  $3,096,142

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7648

Longitude

-87.6287

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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