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    715 E 47Th St Chicago, IL 60609

    For Sale
    Contact for pricing

    21,916 SF retail/office building with long-term tenants.

    Property size:
    21,916 SF
    Lot size:
    0.71 Acres

    Property Features for 715 E 47Th St

    General Information

    Size
    21,916 SF
    Lot size
    0.71 Acres

    Source: Millennium Properties Real Estate Agent Sean Wagner

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

    Overview

    Retail/Office Building Near Transportation

    This 21,916 square foot retail and office building features two tenants with long-term leases. One tenant is a national retailer, Dollar Tree, and the other is The Place for Children, an ABA facility. There are 42 parking spaces available, along with two adjacent lots. The property is located near the intersection of 47th Street and Cottage Grove, close to the Dan Ryan Expressway, CTA train (Red Line), and bus lines. Nearby businesses include McDonald’s, O’Reilly Auto Parts, and BMO Harris Bank. The property is located in an Opportunity Zone and is eligible for preferential tax treatment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store

    Suggested Use

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

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

    Similar Places Nearby

    ChargeItSpot, Kimbark Plaza Shopping Center, Washington Park Plaza Shopping Center, Lake Park Pointe Shopping Center, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6083928
    Latitude
    41.8092606

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    FAQs

    What type of property is this?
    Shopping center - 21,916 SF retail/office building with long-term tenants.
    Where is this shopping center located?
    The property is located at 715 E 47Th St Chicago, IL.
    What are key features of this property?
    This property features: - Assumable CMBS debt at a low 4.3% interest rate with a maturity date of 7/6/2029.; - Stable income from two long-term tenants, including national retailer Dollar Tree.; - Located in an Opportunity Zone, offering potential preferential tax treatment.
    (312) 338-3000
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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
    715 E 47Th St Chicago, IL 60609
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