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    769-775 Jackson St Chicago, IL 60661

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    Chicago Retail Building - 11,522 SF, 100% Occupied

    Property size:
    11,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional four-unit retail building, totaling 11,522 square feet, enjoys a prime location in Chicago's vibrant West Loop neighborhood. Currently 100% occupied with a diverse tenant mix including Philly's Best Greek Town, Headrest Barber, Xi'an Cuisine, and Kids Stem Studio, the property boasts strong lease terms extending through at least April 2026, with three tenants signed on until 2028. The building, constructed in 1911, sits at the base of a 75-unit condominium building, ensuring a steady flow of foot traffic. This investment opportunity offers a substantial net operating income (NOI) of approximately $148,337. Its strategic location provides unparalleled access to major transportation hubs, including Union Station, Ogilvie Transportation Center, and multiple "L" train stations (UIC Halsted Blue Line, and Quincy Brown, Orange, Pink and Purple Lines). The property benefits from proximity to Interstate-90/94 & Interstate-290, further enhancing its accessibility. Furthermore, it is surrounded by a thriving retail environment, with prominent neighbors such as Whole Foods, Mariano's, Target, Chicago's French Market, Revival Food Hall, Walgreens, CVS, Ulta Beauty, and many other popular establishments. This presents a rare chance to acquire a stable, high-performing retail asset in a highly sought-after Chicago location.

    Property Features for 769-775 Jackson St

    General Information

    Property type
    Retail properties
    Square Feet
    11,522 SF

    Building Details

    Year Built
    1911
    Units
    4

    HighLights

    • 100% occupancy with a Net Operating Income (NOI) of approximately $148,337.
    • Three tenants with leases extending to 2028.
    • Excellent access to public transportation, including Union Station, Ogilvie Transportation Center, and multiple "L" train stations.
    • Strong retail synergy with nearby Whole Foods, Target, Mariano's, and numerous restaurants and other businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6468208
    Latitude
    41.8776723

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    FAQs

    What type of property is this?
    Retail property - Chicago Retail Building - 11,522 SF, 100% Occupied
    Where is this retail property located?
    The property is located at 769-775 Jackson St Chicago, IL.
    What are key features of this property?
    This property features: 100% occupancy with a Net Operating Income (NOI) of approximately $148,337.; Three tenants with leases extending to 2028.; Excellent access to public transportation, including Union Station, Ogilvie Transportation Center, and multiple "L" train stations.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    769-775 Jackson St Chicago, IL 60661
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