Grocery-Adjacent Shopping Center For
7532 1600 E Chicago, IL
7532 1600 E, Chicago, IL, 00000
Contact for pricing
For Sale
Contact for pricing
100% leased shopping center with necessity and fashion retailers.
Property Size66,171 SF
Lot Size1.85 Acres
Price / SF$178.33
Days on Market386
Property Features for 7532 1600 E
General Information
- Standard status
- Active
- Size
- 66,171 SF
- Lot size
- 1.85 Acres
- Property subtype
- RETAIL
Listing agency
Mid-America Real Estate Group | Chicago
(630) 954-7398
Listed by
George Ghattas · License #475135588
Source
Moodyscre
Added: Jul 2, 2025 Updated: Jul 6 at 9:42AM Checked: Jul 21 at 6:41AM
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 Mid-America Real Estate Group | Chicago
Investment Insights
Based on property information with market context.
This offering presents the fee simple interest in a 66,171 square foot shopping center. The property is 100% leased and features a dynamic mix of necessity, fashion, and apparel retailers. The shopping center is grocery-adjacent.
Key Highlights
- 100% leased shopping center, offering immediate income.
- Grocery‑adjacent location, providing consistent customer traffic.
- Dynamic mix of necessity and fashion & apparel retailers.
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 | $1.43M | $21.60 |
| − Vacancy | −$121.5k | −$1.84 |
| EGI | $1.31M | $19.76 |
| − OpEx | −$392.3k | −$5.93 |
| NOI | $915.5k | $13.83 |
66,171 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$13.08M
$11.44M – $15.26M
NOI $915,463 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$31.20M
$27.30M – $36.40M
NOI $2,183,961 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Shopping center - 100% leased shopping center with necessity and fashion retailers.
Where is this shopping center located?
The property is located at 7532 1600 E Chicago, IL.
What is the asking price?
The asking price for this property is $11,800,000.
What are key features of this property?
This property features: 100% leased shopping center, offering immediate income.; Grocery‑adjacent location, providing consistent customer traffic.; Dynamic mix of necessity and fashion & apparel retailers.
