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Cash Flowing Strip Center

414-424 E 71st Street, Chicago, IL 60619

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For Sale

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Fully occupied retail center with high street frontage.

Type:Retail

Property size:

4,800 SF

Price / SF:

$109/SF

HighLights

High 11% Cap Rate at asking price, providing immediate cash flow.
100% Occupancy with established, long‑term tenants.
Prime corner location with 148 ft of frontage on 71st Street and high traffic volume.
Located in the 67th/Wentworth TIF District, fostering new development and investment.
Zoned B3‑1 Community Shopping District, suitable for a variety of retail uses.
Easy access to major expressways.

We can help!

Contact an agent

Mikus Kins

Learn more

For Sale

Contact for pricing

Fully occupied retail center with high street frontage.

Type:Retail

Property size:

4,800 SF

Price / SF:

$109/SF

Added:: Jun 8, 2020
Days on Market:: 2220
Last Refresh:: Jul 4 at 1:20 pm

Property Features for 414-424 E 71st Street

General Information

Standard status: Active
Size: 4,800 SF
Property subtype: Retail

Building Details

Year Built: 1915

We can help!

Contact an agent

Mikus Kins

Listing office Caton Commercial Real Estate Group

Listing date Jun 8, 2020

Source Crexi

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 Caton Commercial Real Estate Group

HighLights

High 11% Cap Rate at asking price, providing immediate cash flow.
100% Occupancy with established, long‑term tenants.
Prime corner location with 148 ft of frontage on 71st Street and high traffic volume.
Located in the 67th/Wentworth TIF District, fostering new development and investment.
Zoned B3‑1 Community Shopping District, suitable for a variety of retail uses.
Easy access to major expressways.

Overview

This is a 4,800 square foot freestanding three-unit commercial corner property, currently 100% occupied. It operates as a neighborhood street-level retail center. The property includes a laundromat, nail salon, and beauty supply store. Tenants are responsible for all utility payments. The building has 148 feet of frontage on 71st Street. It is located in the Park Manor area of the Greater Grand Crossing community, 9 miles south of the Loop. The property is zoned B3-1, Community Shopping District. It is located in the 67th/Wentworth TIF District, intended to foster new residential, commercial, and mixed-use development investment opportunities. Other grant options, such as the Neighborhood Opportunity Fund and the R3 Grant, are possible. The nearby intersection has over 25,000 vehicles per day. The property has easy access to the Eden’s Expressway and The Skyway.

Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6144091
Latitude: 41.7658879

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For sale
Strip malls
IL
Chicago
60619
414-424 E 71st Street

What type of property is this?

Strip mall - Fully occupied retail center with high street frontage.

Where is this strip mall located?

The property is located at 414-424 E 71st Street Chicago, IL.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: High 11% Cap Rate at asking price, providing immediate cash flow.; 100% Occupancy with established, long‑term tenants.; Prime corner location with 148 ft of frontage on 71st Street and high traffic volume.