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    10226 South Indianapolis Ave Chicago, IL 60617

    For Sale
    $2,750,000

    Stabilized retail center with value-add potential in Chicago's East Side.

    Property size:
    21,656 SF

    Property Features for 10226 South Indianapolis Ave

    General Information

    Size
    21,656 SF

    Building Details

    Year built
    2012

    Source: Samuel Silveira Agent Samuel Silveira

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Retail Center with Parking

    This 7-unit retail center is located in Chicago's East Side neighborhood. Constructed in 2012 by the current owner, the property offers a flexible floor plan that can be expanded into additional units. It includes a 36-space parking lot. With only 1,075 square feet currently available, the property is stabilized while also presenting a value-add opportunity for investors or an owner-user. The largest suite features a drive-in door. The property benefits from easy access to I-90 and sees approximately 45,000 vehicles per day. Chicago’s East Side neighborhood is characterized by its working-class roots and industrial heritage. The area features affordable housing, commercial corridors, and access to major transit and logistics infrastructure. The East Side is adjacent to the Calumet Industrial Corridor and Port of Chicago, positioning it for future growth and redevelopment. The property is located minutes from the Chicago Skyway (I-90).
    Location Intelligence

    Current Use by Public Records

    Big Pawn Pawn Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5319976
    Latitude
    41.7093452

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    FAQs

    What type of property is this?
    Shopping center - Stabilized retail center with value-add potential in Chicago's East Side.
    Where is this shopping center located?
    The property is located at 10226 South Indianapolis Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Stabilized 7-unit Retail Center with Value-Add Potential, offering immediate income.; - Features a 36-Space Parking Lot for customers and tenants.; - Flexible Floor Plan allows for customization.
    (510) 541-2646
    Request Owner's contact information
    10226 South Indianapolis Ave Chicago, IL 60617
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    Chicago, IL 60617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10226 South Indianapolis Ave Chicago, IL 60617
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