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    Chicago Retail Opportunity For Sale Title is generated by Realmo AI

    65 W Jackson Blvd, Chicago, IL

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    Retail property available for purchase in Chicago, Illinois.

    Type:RETAIL
    Property size:
    43,680 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $272/SF
    Added:
    Dec 3, 2024
    Days on Market:
    554
    Last Refresh:
    May 20 at 9:37 pm

    Property Features for 65 W Jackson Blvd

    General Information

    Standard status
    Active
    Size
    43,680 SF
    Lot size
    0.34 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Danny Samona
    Danny Samona

    Listing agent Danny Samona License #6501387591

    Listing office Encore Real Estate Investment Services

    Listing date Dec 3, 2024

    Source Moodyscre

    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 Encore Real Estate Investment Services

    HighLights

    • Retail property available for purchase.
    • Located in Chicago, Illinois.

    Overview

    A retail property encompassing 43,680 square feet is available for purchase. The property is located in Chicago, Illinois.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $943.5k $21.60
    − Vacancy −$80.2k −$1.84
    EGI $863.3k $19.76
    − OpEx −$259.0k −$5.93
    NOI $604.3k $13.83
    43,680 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $8.63M
    $7.55M – $10.07M (±1% cap)
    NOI $604,304 @ 7.0% cap · market cap 5.08%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $20.59M
    $18.02M – $24.03M (±1% cap)
    NOI $1,441,650 @ 7.0% cap · market cap 12.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Law offices of Joel ... Law Firm EINSURANCE Insurance Agency Kevin Cawley - Cost ... Tax Preparation G ALXNDR Clothing Store British-American Business Council Government Office

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Roosevelt Collection — 150 w roosevelt rd, chicago, il 60605
    • Southgate Market — 1101 S Canal St, Chicago, IL 60607
    • Shopping Mall Center — 1012 S Canal St, Chicago, IL 60607
    • stadium goods — 610 S Canal St, Chicago, IL 60607
    • Mercado Chicago — 800 S Desplaines St, Chicago, IL 60607

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.63
    Latitude
    41.8779

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    FAQs

    What type of property is this?
    Shopping center - Retail property available for purchase in Chicago, Illinois.
    Where is this shopping center located?
    The property is located at 65 W Jackson Blvd Chicago, IL.
    What is the asking price?
    The asking price for this property is $11,900,000.
    What are key features of this property?
    This property features: Retail property available for purchase.; Located in Chicago, Illinois.
    (248) 702-0286 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Danny Samona
    Danny Samona
    Real Estate License ID: 6501387591
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