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Shopping Neighborhood

Auction - Chicagoland Shopping Center | $203K NOI | 38K Traffic Count

10250 S Vincennes Ave, Chicago, IL 60643

Listing Price: $600,000

Rentable SF
21,872
Lot Size
1.45 acres
Year Built
1992

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.

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

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Shopping Neighborhood

Auction - Chicagoland Shopping Center | $203K NOI | 38K Traffic Count

Listing Price: $600,000

Rentable SF
21,872
Lot Size
1.45 acres
Year Built
1992

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

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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