1909 W Grand Ave Chicago, IL 60611
Retail property with investment tenant and repositioning opportunity in Chicago.
Property size:
16,050 SFLot size:
0.05 AcresProperty Features for 1909 W Grand Ave
General Information
- Size
- 16,050 SF
- Lot size
- 0.05 Acres
Source:
Moodyscre
Listing Agent: Zach Pruitt
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Chicago Retail Property For Sale
This retail property features an investment-grade anchor tenant with four years remaining on the current lease term. It offers complimentary income from a signage lease and current in-place income from a short-term lease for one of three residential units. There is an immediate opportunity to reposition the second floor for commercial use. Vacancies in the Kinzie Corridor are at 5.80% and in the Grand Ave Corridor at 5.20%, down from 10.09% and 7.30% respectively in five years. The five-year inventory is nearly unchanged, with minimal new development proposed. Asking rates are up an average of $6.00 per RSF in the Grand Ave Corridor and $12.00 per RSF in the Kinzie Corridor. The property offers the ability to increase efficiencies of the floor plan and total rentable building area. There is potential for additional advertising income on the west-facing wall, with more than 28,263 views via VPD and daily bus commuters. The property is located at 1909 W Grand Ave, Chicago, IL and has a property size of 16,050 square feet.
Location Intelligence
Current Use by Public Records
NAPA Auto Parts
Auto Parts Store
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6748947
- Latitude
- 41.8906507
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail property with investment tenant and repositioning opportunity in Chicago.
Where is this retail space located?
The property is located at 1909 W Grand 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: - Investment grade anchor tenant with four years remaining on current lease.; - Immediate opportunity to reposition second floor to commercial use.; - Potential for additional advertising income on west-facing wall (28,263+ views via VPD and Daily Bus Commuters).