10250 Michigan Ave - Retail FOR SALE


Chicago, IL 60628- Roseland
$2,700,000 USD
708-927-8000
10250 Michigan Ave, Chicago, IL for Sale
$2,700,000 USD
Retail - FOR SALE
1/4
null | 6.04% Cap Rate

10250 Michigan Ave
Chicago, IL 60628
Roseland


HIGHLIGHTS

  • Value Add Center
  • Major Shopping District
  • Existing Long Term National Tenants
  • Densely Populated Area
  • High Traffic Area
  • On Site Parking 50 plus spaces

OVERVIEW

Great Value Add Opprtunity. +/-20,000sf Retail Center on a +/-51,000sf site. The center is Anchored by Chase Bank in the 4,015sf eastern end unit and Autzone in the 7,507sf western end unit. All leases are triple net. The inline space in the middle is 8,406sf. It was formerly occupied by Family Dollar. t. NOI at 100% occupancy based on current market rents in the area is estimated to be approximately $243,000-$250,000/yr. potentially generating a 9.26% cap rate.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

103rd & Michigan

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

103rd St/Michigan Ave

LAND ACRES

1.17 AC

LAND SF

51,000 SF

ZONING

B3-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

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Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.