414-424 E 71st Street Chicago, IL 60619
Fully occupied retail center with high street frontage.
Type:Retail
Property size:
4,800 SF- Added:
- Jun 8, 2020
- Days on Market:
- 2135
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 414-424 E 71st Street
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1915
Listing agent Mikus Kins License #IL 475.161490
Listing office Caton Commercial Real Estate Group
Listing date Jun 8, 2020
Source Crexi
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 Caton Commercial Real Estate Group
Overview
Cash Flowing Strip Center
This is a 4,800 square foot freestanding three-unit commercial corner property, currently 100% occupied. It operates as a neighborhood street-level retail center. The property includes a laundromat, nail salon, and beauty supply store. Tenants are responsible for all utility payments. The building has 148 feet of frontage on 71st Street. It is located in the Park Manor area of the Greater Grand Crossing community, 9 miles south of the Loop. The property is zoned B3-1, Community Shopping District. It is located in the 67th/Wentworth TIF District, intended to foster new residential, commercial, and mixed-use development investment opportunities. Other grant options, such as the Neighborhood Opportunity Fund and the R3 Grant, are possible. The nearby intersection has over 25,000 vehicles per day. The property has easy access to the Eden’s Expressway and The Skyway.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6144091
- Latitude
- 41.7658879
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Fully occupied retail center with high street frontage.
Where is this strip mall located?
The property is located at 414-424 E 71st Street Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: High 11% Cap Rate at asking price, providing immediate cash flow.; 100% Occupancy with established, long‑term tenants.; Prime corner location with 148 ft of frontage on 71st Street and high traffic volume.
