4756 S Kedzie Ave, Chicago, IL

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.