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    7532 1600 E Chicago, IL

    For Sale
    $11,800,000

    100% leased shopping center with necessity and fashion retailers.

    Property size:
    66,171 SF
    Lot size:
    1.85 Acres

    Property Features for 7532 1600 E

    General Information

    Size
    66,171 SF
    Lot size
    1.85 Acres

    Source: Mid-America Real Estate Group | Chicago Agent George Ghattas

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

    Overview

    Grocery-Adjacent Shopping Center For Sale

    This offering presents the fee simple interest in a 66,171 square foot shopping center. The property is 100% leased and features a dynamic mix of necessity, fashion, and apparel retailers. The shopping center is grocery-adjacent.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Similar Places Nearby

    Bishop Plaza, Coinstar Kiosk | Bitcoin ATM, Yards Plaza

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6531805
    Latitude
    41.9007097

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    FAQs

    What type of property is this?
    Shopping center - 100% leased shopping center with necessity and fashion retailers.
    Where is this shopping center located?
    The property is located at 7532 1600 E Chicago, IL.
    What is the asking price?
    The asking price for this property is $11,800,000.
    What are key features of this property?
    This property features: - 100% leased shopping center, offering immediate income.; - Grocery-adjacent location, providing consistent customer traffic.; - Dynamic mix of necessity and fashion & apparel retailers.
    (630) 954-7327
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    7532 1600 E Chicago, IL
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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
    7532 1600 E Chicago, IL
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