WASHINGTON PARK RETAIL CENTER 101–115 E 51st St, Chicago, IL 60615 KW Commercial is pleased to offer the opportunity to purchase Washington Park Retail Center, a stabilized, neighborhood-serving retail asset located at the signalized intersection of 51st Street and Michigan Avenue in Chicago’s South Side. The property benefits from strong visibility, consistent traffic, and proximity to major institutional anchors including the University of Chicago and Hyde Park. Property Details: - Building Size: 7,953 SF - Lot Size: 17,948 SF - Price: $1,150,000 - Zoning: B3-3 (Community Shopping District) - Tenancy: 7 units fully occupied - Parking: 9+ surface spaces - Frontage: 165 FT on 51st Street Investment Highlights: Stabilized Income Stream: Current PGI: $215,016 Current NOI: $112,524 100% Occupied with In-Place Cash Flow Established Tenant Base - Long-term occupancy with tenants in place since 2006 - Lease terms extending through 2030 - Mix of service and food-based users Food-Ready Infrastructure - Multiple spaces with Type I hoods and kitchen build-outs - Ideal for restaurant and QSR users Prime Location & Accessibility - Signalized corner with ~12,548 VPD - Two blocks from CTA Green Line (51st Street Station) - Strong surrounding population and retail corridor Recent Improvements: - Roof recoated (2017) - Parking lot restriped (2026) - Ongoing maintenance and strong operational history Opportunity: Positioned in a rapidly improving corridor influenced by institutional growth and ongoing redevelopment, this asset offers both in-place stability and long-term appreciation potential. Contact: Contact the listing broker to obtain the Offering Memorandum, which includes comprehensive property details, financials, rent roll, and supporting due diligence materials. Listing Broker: Manny Regalado Senior Director 312.730.2029 (m) 312.216.2422 (o) mregalado@kwcommercial.com (e) KW Commercial