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    2355 W 110Th Pl Chicago, IL 60628

    For Sale
    $2,697,687

    Retail property in Chicago MSA with investment grade tenant.

    Property size:
    15,717 SF
    Lot size:
    1.17 Acres

    Property Features for 2355 W 110Th Pl

    General Information

    Size
    15,717 SF
    Lot size
    1.17 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

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

    Overview

    Chicago MSA Retail Investment

    This retail property is located within the Chicago MSA, which is ranked #3 in the United States for population size. The property features an investment grade tenant with an S&P rating of BBB and a new 10-year lease. Several recent capital improvements have been made, including parking lot sealing and striping. The surrounding area has affluent demographics, with an average household income of $122,642 within a 1-mile radius. The lease includes $0.50/SF rent increases in each renewal option. The property is situated along South Western Ave, which has a traffic count of 27,900 vehicles per day, and is in proximity to Interstate 57, with 145,000 vehicles per day. There are 449,479 people living within a 5-mile radius. The property is located one mile west of Morgan Park High School, which has over 1,200 students. Neighboring tenants include Fairplay Foods, NAPA Auto Parts, Meineke, PNC Bank, USPS, Buona Beef, and UHaul. The property has a size of 15,717 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Individual retail properties

    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
    -87.6807716
    Latitude
    41.6927118

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    FAQs

    What type of property is this?
    Individual retail property - Retail property in Chicago MSA with investment grade tenant.
    Where is this individual retail property located?
    The property is located at 2355 W 110Th Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,697,687.
    What are key features of this property?
    This property features: - Investment grade tenant (S&P: BBB); - New 10-year lease; - Affluent demographics – **Average household income within 1-mile is $122,642**
    (847) 562-8500
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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
    2355 W 110Th Pl Chicago, IL 60628
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