601-603 S Sacramento Blvd - Fast Food FOR SALE


Chicago, IL 60612- Lawndale
$729,000 USD
773-418-3118
601-603 S Sacramento Blvd, Chicago, IL for Sale
$729,000 USD
Fast Food - FOR SALE
1/16
null | Request Cap Rate

601-603 S Sacramento Blvd
Chicago, IL 60612
Lawndale


HIGHLIGHTS

  • Highly travelled intersection, one block from Interstate I290 and minutes from downtown Chicago. Appx 10K total sf:5000 sf Blg, 5000 sf parking lot.

OVERVIEW

Excellent income opportunity: Highly travelled intersection, one block from Interstate I290 and minutes from downtown Chicago. Appx 10,000 sf bldg/parking lot. Terminable Leases currently consist of 100% occupancy by a grocery mini-mart with a current 5yr lease, and five yr option and an adjacent space/restaurant with a lease until Sept 2028 and extension option. The tenants have a double net lease and are responsible for all related utilities and 2/3rds of the annual taxes. Each space generates $3,300 monthly rent plus 33 1/3rd% of annual property tax bill. Annual property taxes are appx $17,000. Below related pin#s encompass both parcels consisting of the building at 2953 W. Harrison and the parking lot at 2959 W. Harrison.

FOR SALE DETAILS

PRICE

$729,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

C1-2

APN/PARCEL ID

16-13-302-001-0000,16-13-302-002-0000

ASK ABOUT THIS PROPERTY

Jacqueline HasanAndre HasanMore Info
773-418-3118

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Jacqueline HasanAndre HasanMore Info
773-418-3118

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