Multi-Unit Retail
For Sale
Contact for pricing
2762 W 111th Street, Chicago, IL 60655
Recently updated exterior and on-site parking serve a range of retail businesses.
Property Size2,000 SF
Price / SF$0.01
Days on Market32
Property Features for 2762 W 111th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Site & Location
Neighborhood
Near South Side
Highway Access
Yes
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1963
Tenancy
Multi
Listing Agency:
Sperry Van Ness
(312) 676-1866
Listed By:
Derek Gonsch · License #475192105
(708) 267-9988
Source:
Helenoliveri
Added: Oct 1
Changed: Oct 28
Last Checked: Nov 1 at 2:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Van Ness
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot retail plaza, built in 1963, offers multiple units with flexible layouts for a variety of business types. The building’s facade has been recently redone, and parking is available on site.
The property is on W 111th Street in Chicago’s Mt. Greenwood/Beverly area. St. Xavier University is nearby, with access to I-57 and I-294 in the surrounding area.
The property is on W 111th Street in Chicago’s Mt. Greenwood/Beverly area. St. Xavier University is nearby, with access to I-57 and I-294 in the surrounding area.
Key Highlights
- 2,000‑square‑foot retail plaza built in 1963
- Multiple units available with flexible layouts
- Recently redone facade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,670
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,400
$553.4K
Cap Rate 7%
$395,286
$395.3K
Cap Rate 9%
$307,444
$307.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$3.7K −$1.84/SF
EGI
$39.5K $19.76/SF
− OpEx
−$11.9K −$5.93/SF
NOI
$27.7K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,400
Cap Rate 7%
$395,286
Cap Rate 9%
$307,444
Alternative Uses
Best Use
Retail
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 131,761.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.0K
$825.1K – $1.10M
NOI $66,010 @ 7.0% cap · market cap 314,333.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 60655, IL
27,837
Population
11,277
Households
2.5
Avg Household Size
39
Median Age
47%
College-Educated
97%
High-School Grad
4.4 sq mi
ZIP Area
6,327
Density / Sq Mi
$114,443
Median Household Income
$72,169
Median Earnings
$1,468
Median Rent
$303,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Strip mall - Recently updated exterior and on-site parking serve a range of retail businesses.
Where is this strip mall located?
The property is located at 2762 W 111th Street Chicago, IL.
What are key features of this property?
This property features: 2,000‑square‑foot retail plaza built in 1963; Multiple units available with flexible layouts; Recently redone facade
