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    3357 S King Dr Chicago, IL 60616

    For Sale
    Contact for pricing

    Grocery-anchored neighborhood center in Chicago MSA.

    Property size:
    179,106 SF
    Lot size:
    15.70 Acres

    Property Features for 3357 S King Dr

    General Information

    Size
    179,106 SF
    Lot size
    15.70 Acres

    Source: JLL - Corporate Agent Keely Polcyznski

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

    Overview

    Grocery Anchored Shopping Center

    Lake Meadows Shopping Center is a grocery-anchored neighborhood center located within the Chicago MSA. The property features category-leading anchor tenants, including Jewel, LA Fitness, and Walgreens (Baa3), and is supported by dominant regional and national small-shop users. Jewel extended early for 10 years through 2039, and LA Fitness renewed for 10 years through 2033. The property consists of 7 standalone buildings. The property contains 179106 square feet.
    Location Intelligence

    Current Use by Public Records

    Lake Meadows Shopping ... Shopping Mall Jewel 35th and king Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.616912
    Latitude
    41.832633

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    FAQs

    What type of property is this?
    Strip mall - Grocery-anchored neighborhood center in Chicago MSA.
    Where is this strip mall located?
    The property is located at 3357 S King Dr Chicago, IL.
    What are key features of this property?
    This property features: - Anchored by Jewel, LA Fitness, and Walgreens (Baa3); - Jewel extended early for 10 years through 2039; - LA Fitness renewed for 10 years through 2033
    (773) 425-4207
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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
    3357 S King Dr Chicago, IL 60616
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