Retail/Office Investment
For Sale
Contact for pricing
707-715 E 47th St., Chicago, IL 60609
Multi-tenant building offers combined retail and office space with two adjacent parking lots and 42 parking spaces.
Property Size21,916 SF
Days on Market58
Property Features for 707-715 E 47th St.
General Information
Standard status
Active
Size
21,916 SF
Total Parking Spaces
42
Property subtype
Retail
Zoning
B1-1
Lease Type
NNN
Investment Type
Stabilized
Building Details
Tenancy
Multi
Listing Agency:
Millennium Properties R/E
Listed By:
Sean Wagner · License #IL
Source:
Crexi
Added: Jul 1
Changed: Aug 8
Last Checked: Aug 24 at 10:55PM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
Available for sale is a retail/office property encompassing approximately 21,916 square feet of office and retail space. The building is comprised of two long-term tenants: Dollar Tree, a national retail operator, and the Place for Children With Autism, an applied behavior analysis facility with 19 locations.
The property includes two adjacent lots designated for parking, totaling 42 parking spaces, supporting convenience for both tenants and customers. The building is located near the interchange of 47th Street and Lake Shore Drive and right off the heavily trafficked corner of 47th and Cottage Grove Avenue, approximately 5 miles from downtown Chicago, with easy access to public transportation, major thoroughfares, and expressways.
An assumable non-recourse debt is available at 4.3% with a balance of $2.28 million and a maturity date of 7/6/2029.
The property includes two adjacent lots designated for parking, totaling 42 parking spaces, supporting convenience for both tenants and customers. The building is located near the interchange of 47th Street and Lake Shore Drive and right off the heavily trafficked corner of 47th and Cottage Grove Avenue, approximately 5 miles from downtown Chicago, with easy access to public transportation, major thoroughfares, and expressways.
An assumable non-recourse debt is available at 4.3% with a balance of $2.28 million and a maturity date of 7/6/2029.
Key Highlights
- Approximately 21,916 SF retail/office building with two long‑term tenants
- Tenant mix includes Dollar Tree and Place for Children With Autism (ABA facility) with 19 locations
- Two adjacent parking lots with 42 parking spaces for tenants and customers
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 60609, IL
65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant building offers combined retail and office space with two adjacent parking lots and 42 parking spaces.
Where is this retail space located?
The property is located at 707-715 E 47th St. Chicago, IL.
What are key features of this property?
This property features: Approximately 21,916 SF retail/office building with two long‑term tenants; Tenant mix includes Dollar Tree and Place for Children With Autism (ABA facility) with 19 locations; Two adjacent parking lots with 42 parking spaces for tenants and customers
