312-782-5800
4183 W Irving Park Rd, Chicago, IL for Sale
Storefront Retail/Office - FOR SALE
1/17
null | Request Cap Rate

4183 W Irving Park Rd
Chicago, IL 60641
Old Irving Park


HIGHLIGHTS

  • Fully occupied retail center with a six-year weighted average lease term.
  • Frontage on Irving Park Road with visibility to more than 30,000 vehicles daily.
  • Located near the Old Irving Park Metra Station and I-90/I-94 interchange.
  • Anchored by LifeStance Health, a national outpatient healthcare operator.
  • Diverse mix of healthcare, dining, optical, and neighborhood service tenants.
  • Includes 29 on-site parking spaces supporting customer accessibility.

OVERVIEW

Property Address: 4185 West Irving Park Road, Chicago, IL Property Size: 12,804 SF Occupancy: 100% Year Built: 2016 Parking Spaces: 29 WALT: 6 Years Year 1 NOI: +/- $440,000 5-Year CAGR: +/- 2.3% Investment Highlights Premier infill location with exceptional accessibility, visibility, & demographics o Positioned along Irving Park Road (30,000+ VPD) with immediate access to and prominent signage to daily commuter traffic on I-90 (245,000+ VPD) o Adjacent to Old Irving Metra Station, providing connectivity to Downtown Chicago & O’Hare o Average household income of $125k in 1-mile, increasing to $145k in half-mile radius Stabilized cash flow with demonstrated leasing momentum o 100% occupied strip center with 6-year WALT o Recently executed long-term lease with Big City Optical o National and regional operators include Potbelly & Lou Malnati's, providing brand recognition and tenant credit strength Ideal tenant mix anchored by national healthcare operator o LifeStance Health, one of the largest outpatient mental healthcare providers in the US, is responsible for 42.5% of GLA and +/- 35% of income o Complementary mix of medical, food, and neighborhood service tenants creates internal synergy and consistent foot traffic

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

PD 1270

APN/PARCEL ID

13-22-203-025-0000

ASK ABOUT THIS PROPERTY

312-782-5800

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

312-782-5800

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