616-620 Roosevelt - Retail FOR SALE


Chicago, IL 60607- South Loop
$1,095,000 USD
773-432-0200
616-620 Roosevelt, Chicago, IL for Sale
$1,095,000 USD
Retail - FOR SALE
1/12
null | 7.52% Cap Rate

616-620 Roosevelt
Chicago, IL 60607
South Loop


HIGHLIGHTS

  • 100% Leased Through Aug 2028 - Tax Stops Cap LL Property Tax at ~$29,520/yr
  • 7.52% Stabilized Cap · +108 bps Over CBRE Q1 2025 Avg
  • DS-3 Zoning · 24,686 SF TOD Buildout Potential

OVERVIEW

See Attached Offering Memorandum (OM). 620 W Roosevelt Rd, Chicago 60607 · PIN 17-16-331-031-0000 7.52% stabilized cap on $82,337 NOI · two-tenant retail in Chicago's South Loop / Central Business District with tax stops on both leases. Franks Tailors and Beauty One pass 100% of any Cook County tax-bill increase above the 2022/2023 base years to tenants — landlord property tax exposure is structurally capped at ~$29,520/yr through the Aug 31, 2028 lease term. 5,264 SF GLA on a 7,053 SF DS-3 lot, two blocks from Roosevelt Collection (Home Depot · Best Buy · Jewel-Osco · Nordstrom Rack · LA Fitness · Bob's Discount · Vitamin Shoppe · AMC) and 0.3 miles from CTA Red/Green/Orange/Blue at Roosevelt. Walk Score 92 · Transit Score 86. Best corridor comp 632 W Roosevelt sold Jan 2026 at $272.73/SF — subject priced at $208.02/SF, a 24% per-SF discount. List $1,095,000 · NOI $82,337 · Cap 7.52% · $208.02/SF · 5,264 SF / 7,053 SF lot · DS-3 zoning · Aug 2028 stabilized term.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

7.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,057 SF

ZONING

DS-3

APN/PARCEL ID

17-16-331-031-0000

ASK ABOUT THIS PROPERTY

Nikki Hurt@properties CommercialMore Info
773-432-0200

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

Nikki Hurt@properties CommercialMore Info
773-432-0200

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