Shopping Neighborhood
Auction - Chicagoland Shopping Center | $203K NOI | 38K Traffic Count
10250 S Vincennes Ave, Chicago, IL 60643
Listing Price: $600,000
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a 93% occupied Chicago shopping center located just 10-miles south of Downtown. The Property is located at the five-way intersection of South Vincennes Avenue, W 103rd Street, and S Beverly Blvd providing direct access and visibility to more than 38,000 vehicles per day.
Constructed in 1992, the Property consists of two retail strip centers totaling 21,872 square feet positioned on 1.45 acres. The Property offers 61 surface parking spaces, highly visible pylon and building signage, and five points of ingress/egress. This neighborhood retail center is leased to a complimentary mix of service and retail tenants, providing ease and convenience for residents. The Property was fully renovated in 2012 with a new roof, resurfaced parking lot, and all new HVAC units.
Auction - Chicagoland Shopping Center | $203K NOI | 38K Traffic Count
Investment Highlights
- STARTING BID $600,000 | $203k NOI | AUCTION NOVEMBER 13-15, 2023
- 93% Occupied Retail Strip Center in Dense Chicago Neighborhood
- Recently Renovated | The Property was Fully Renovated in 2012 with New Roof, Resurfaced Parking Lot, and All New HVAC Units
- Year 1 NOI of $203,510
- Irreplaceable Location at Signalized Five-Way Hard Corner with Direct Access and Visibility to More Than 38,000 Vehicles Per Day
- Positioned in a Dense Residential Area with 220,000 People and an Average Household Income of $77,572 within a 3-Mile Radius
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Shopping Neighborhood
Auction - Chicagoland Shopping Center | $203K NOI | 38K Traffic Count
Listing Price: $600,000
Investment Highlights
- STARTING BID $600,000 | $203k NOI | AUCTION NOVEMBER 13-15, 2023
- 93% Occupied Retail Strip Center in Dense Chicago Neighborhood
- Recently Renovated | The Property was Fully Renovated in 2012 with New Roof, Resurfaced Parking Lot, and All New HVAC Units
- Year 1 NOI of $203,510
- Irreplaceable Location at Signalized Five-Way Hard Corner with Direct Access and Visibility to More Than 38,000 Vehicles Per Day
- Positioned in a Dense Residential Area with 220,000 People and an Average Household Income of $77,572 within a 3-Mile Radius
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a 93% occupied Chicago shopping center located just 10-miles south of Downtown. The Property is located at the five-way intersection of South Vincennes Avenue, W 103rd Street, and S Beverly Blvd providing direct access and visibility to more than 38,000 vehicles per day. Constructed in 1992, the Property consists of two retail strip centers totaling 21,872 square feet positioned on 1.45 acres. The Property offers 61 surface parking spaces, highly visible pylon and building signage, and five points of ingress/egress. This neighborhood retail center is leased to a complimentary mix of service and retail tenants, providing ease and convenience for residents. The Property was fully renovated in 2012 with a new roof, resurfaced parking lot, and all new HVAC units.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
