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11438 - 11442 S Michigan Avenue, Chicago, IL

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DetailMap
11438 - 11442 S Michigan Avenue

NWC
Chicago, IL 60628-4951 - South Chicago Submarket

(226.5 KB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1997
Building Size:12,500 SF Land Area:.74 AC (32,356 SF)
% Leased:
For Sale Price:$2,500,000 Price/SF:$200.00
Cap Rate:8.40 %
Smallest Space:1,350 SF Largest Space:1,350 SF Total Space Avail:1,350 SF Rent/SF/Yr:
$20.00
Parking:Free Surface spaces are available; Ratio of 2.88/1,000 SF
Features:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,350 SF
$20.00/SF/Yr
Vacant
5 yrs
Retail
 
10501255
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,350 SF
$20.00/SF/Yr
Vacant
5 yrs
Retail

Sale Notes:
Hollywood Video Center - Located at 11438 S. Michigan Ave as a proposed five unit retail center located on a traffic light intersection.- The property consists of a one story concrete block constructed 12,700 sq.ft. building
- The land area is 32,411 sq.ft. accommodating more than 20 parked cars
- Built in 1997
- In the process of subdividing the 7,500sq.ft. unit space into four smaller spaces with two spaces remaining vacant
- Selling at a 7.5% Cap Rate with Triple Net Leases
The property is located within the southern portion of the Roseland community area on the far south side of the City of Chicago. The Dan Ryan Expressway (I-94) and Bishop Ford (I-90) are within minutes from the site. Michigan Avenue represents a main commercial thoroughfare through this portion of South Chicago--traversing in a north-south direction--and is improved as a two-lane roadway. On the SWC of 115th and Michigan Ave, is a proposed 78,000 sq.ft. grocery anchored shopping center.

Crown Commercial Real Estate and Development, Inc.
Nicholas M Tadros
(312) 998-2623


Crown Commercial Real Estate and Development, Inc.
Nicholas M Tadros
(312) 998-2623



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