Net Leased Grocery Convenience
For Sale
Contact for pricing
4701 South Cottage, Chicago, IL 60615
Save-A-Lot net leased grocery in operation since 2002, with planned renovations noted for 2019.
Property SizeContact for details
Days on Market125
Property Features for 4701 South Cottage
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
GAIA Real Estate Investments
Listed By:
Erika Carlson · License #CA 01789133
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 7:22AM
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 GAIA Real Estate Investments
Investment Insights
Based on property information with market context.
This corporate net leased Save-A-Lot grocery and convenience store has been operating at 4701 South Cottage since September 2002. The tenant is currently in the second year of a five-year option period, and a renovation was recently announced for 2019 in the amount of $250,000.
The property is located in Chicago’s Hyde Park District, situated in the heart of a retail corridor. It benefits from proximity to the University of Chicago School and the University of Chicago Hospital.
For buyers seeking a stabilized, long-tenured retail concept with an active option period and renovation plans already announced, this Save-A-Lot net lease opportunity provides a straightforward path to due diligence on the upcoming improvements and lease terms.
The property is located in Chicago’s Hyde Park District, situated in the heart of a retail corridor. It benefits from proximity to the University of Chicago School and the University of Chicago Hospital.
For buyers seeking a stabilized, long-tenured retail concept with an active option period and renovation plans already announced, this Save-A-Lot net lease opportunity provides a straightforward path to due diligence on the upcoming improvements and lease terms.
Key Highlights
- Save‑A‑Lot net leased property in Chicago, IL
- Tenant has been at this location since September 2002
- Tenant is in its second 5‑year option period
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,694
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 45%
Electronics 3%
Apparel 3%
McDonald's
Dining
28,354 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,577 visits/mo
0.1 miles
Family Dollar
Shops & Services
16,354 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
11,191 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
5,937 visits/mo
0.1 miles
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
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- Miracle Foods Global — 1016 W Jackson Blvd, Chicago, IL 60607, United States
- Joomak - Popup — 1000 W Fulton Market, Chicago, IL 60607
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Save-A-Lot net leased grocery in operation since 2002, with planned renovations noted for 2019.
Where is this grocery and convenience store located?
The property is located at 4701 South Cottage Chicago, IL.
What are key features of this property?
This property features: Save‑A‑Lot net leased property in Chicago, IL; Tenant has been at this location since September 2002; Tenant is in its second 5‑year option period
