3951 Kimball AveChicago, IL 60618

For Sale
Call for price

Chicago Multi-Tenant Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional multi-tenant retail center, located at 3951 N Kimball Avenue in Chicago's Irving Park neighborhood, presents a compelling investment opportunity. The 4,738 square foot building boasts 100% occupancy with three established tenants: Jet's Pizza, Subway, and One Stop Shop, all operating under NNN leases, generating a strong net operating income (NOI) of approximately $108,294. Built in 1999, the property features a convenient on-site parking lot with 10 spaces and highly visible dual-sided monument signage at the signalized intersection of Irving Park Road and Kimball Avenue, benefiting from over 42,000 vehicles per day. Its prime location offers unparalleled access to public transportation, being less than one mile from the Irving Park Blue Line CTA station, the Irving Park Metra station, and Interstate 90/94. The property benefits from a dense concentration of national retailers in close proximity, including Jewel-Osco, Target, Walgreens, Home Depot, and numerous popular restaurants, ensuring high foot traffic and strong tenant demand. This well-positioned retail center provides a stable income stream and significant upside potential in a thriving Chicago market. The Cook County location, zip code 60618, ensures easy access to major transportation arteries and a robust consumer base. This is a rare opportunity to acquire a fully leased, high-performing retail property in a desirable location.

Highlights

  • $108,294 in-place Net Operating Income (NOI).
  • NNN leases for all three tenants (Jet's Pizza, Subway, One Stop Shop).
  • High visibility corner location at Irving Park Road and Kimball Avenue, with over 42,000 vehicles per day.
  • Less than one mile from Irving Park Blue Line CTA station, Irving Park Metra station, and I-90/94.
  • 10-space on-site parking lot and dual-sided monument signage.
  • Strong tenant mix nearby, including Jewel-Osco, Target, Walgreens, Home Depot, and numerous restaurants.

Property Details for 3951 Kimball Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,738 SF
Year Built
1999

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9536097
Longitude
-87.7124928
3951 Kimball Ave, Chicago, Illinois
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3951 Kimball Ave
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