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4756 S Kedzie Ave Chicago, IL 60612

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For Sale
$11,000,000

Established shopping center with value-add potential in dense Chicago location.

Property size:
53,400 SF
Lot size:
3.65 Acres

Property Features for 4756 S Kedzie Ave

General Information

Size
53,400 SF
Lot size
3.65 Acres

Source: Mid-America Real Estate Group | Chicago Agent Rick Drogosz

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


Overview

Kedzie Plaza Retail Opportunity

Kedzie Plaza, constructed in 1986, features 53,400 square feet of retail space on approximately 3.35 acres. The property is an "L" shape strip center with two freestanding outlot buildings, one separately owned. The center is shadow-anchored by Pete’s Fresh Market and O’Reilly Auto Parts. Located at the southwest corner of Kedzie Avenue and 47th Street, just south of Pete’s Fresh Market, the center also benefits from its location north of Steeple Center, which features TJ Maxx, ALDI, and Family Dollar. The location provides roadside visibility on Kedzie Avenue (22,800 VPD) and convenient access to Downtown Chicago, seven miles to the northeast. Access is provided by two curb cuts on 47th Place and one on Kedzie Avenue. The shopping center is located just north of the CTA “L” Orange Line Kedzie station (3,357 riders per weekday) and the Kedzie Avenue & 47th Street bus station (12,000 riders per weekday), and 1.5 miles south of Interstate 55 (137,200 VPD). The property is located in the Brighton Park and Gage Park communities of Chicago, within a three-mile radius containing a population of over 350,000. The area is 2.5 miles from Midway International Airport. The center features a tenant line-up oriented toward medical retail tenants including Octapharma and Access Community Health, making up 46% of the GLA. A buyer can increase the gross income by leasing the remaining 2,520 square feet of vacancy. Nearly 68% of the tenancy based on GLA has been at the shopping center for over 20 years.
Location Intelligence

Current Use by Public Records

Oxford Auto Insurance Auto Insurance Agency Dollar Tree Dollar Store

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7042215
Latitude
41.8065559

FAQs

What type of property is this?
Strip mall - Established shopping center with value-add potential in dense Chicago location.
Where is this strip mall located?
The property is located at 4756 S Kedzie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: - Grocery shadow-anchored by Pete’s Fresh Market, drawing power from over 1.4 million annual visits.; - Stable tenancy with nearly 68% of tenants at the center for over 20 years, offering consistent future yields.; - Dense infill demographics with a population of over 350,000 within a three-mile radius.
More about this property
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