Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    28 112Th Pl Chicago, IL 60628

    Sponsored
    For Sale
    $865,000

    Prime Retail Space, High Traffic Area

    Property size:
    21,668 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a +/-21,668 square foot, one-story freestanding commercial building situated on a +/-43,237 square foot lot in Chicago, IL. The property, located at 28 E 112th Pl, features two units totaling approximately 21,668 to 24,468 square feet, with the west unit at roughly 9,386 square feet and the east unit at approximately 12,282 square feet. An additional 2,800 square foot freestanding building, currently leased month-to-month to the 9th Ward Aldermanic office, is also included. Built in 1955 and renovated in 2006, the property boasts a B3-2 zoning designation, allowing for diverse uses. The property includes 50 parking spaces within a gated lot. Currently at 11.5% occupancy, this owner/user investment opportunity is priced at $865,000, or $35.35 per square foot. The property's location offers easy access to Interstates 57 & 94, public transportation, and numerous urban amenities, educational institutions, and city attractions. The high daytime traffic and dense population in this area make it an attractive investment for office, retail, or medical uses. This is a gross lease property with no rent bumps and no tenant credit rating.

    Property Features for 28 112Th Pl

    General Information

    Property type
    Individual retail properties
    Square Feet
    21,668 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1955/2006
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • ±21,668 SF freestanding building on a ±43,237 SF lot in Chicago, IL.
    • Additional 2,800 SF freestanding building included.
    • 50‑space gated parking lot.
    • B3‑2 zoning.
    • High daytime traffic area with easy access to I‑57 & I‑94.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hr DL Social Services Organization Chicago Mental Health ... Public Health Department TV Star Planet Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.621904
    Latitude
    41.6901406

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000
      0.46 Acres

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces in Bronzeville.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000
      0.46 Acres

      Bronzeville Collection Prairie Ave Lofts

      31-unit renovated multifamily property in Chicago's Bronzeville neighborhood.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • New
      $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,699,000
      Pending

      Six-Unit Multifamily Building in Chicago

      Well-maintained, fully rented six-unit building with architectural details.
      1509 W Thomas St, Chicago, IL 60642
      View Details
    • $1,399,000
      0.19 Acres

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in vibrant West Town.
      526 N Western Ave, Chicago, IL 60612
      View Details
    • New
      $1,049,000

      Four-Unit Multifamily Investment Opportunity

      Four units in Chicago's east Washington Park neighborhood.
      5644 S Prairie Ave, Chicago, IL 60637
      View Details
    • New
      $1,049,500

      Washington Park Four-Unit Multifamily Property

      Four-unit multifamily property in east Washington Park, Chicago.
      5331 S Calumet Ave, Chicago, IL 60615
      View Details
    • $4,000,000

      Renovated 9-Unit Building in Chicago

      Fully renovated 9-unit building near Hyde Park and lakefront.
      442-444 E 48Th St, Chicago, IL 60615
      View Details
    • New
      $449,000

      Three-Unit Brick Building in Chicago

      Legal three-unit building with refurbishment potential in a vibrant neighborhood.
      321 N Avers Ave, Chicago, IL 60624
      View Details
    • $1,365,000
      0.17 Acres

      South Shore Multifamily Investment Opportunity

      Value-add 12-unit property near Lake Michigan and public transportation.
      7839 S Kingston Ave, Chicago, IL 60649
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, High Traffic Area
    Where is this individual retail property located?
    The property is located at 28 112Th Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $865,000.
    What are key features of this property?
    This property features: ±21,668 SF freestanding building on a ±43,237 SF lot in Chicago, IL.; Additional 2,800 SF freestanding building included.; 50-space gated parking lot.
    Request Owner's contact information
    28 112Th Pl Chicago, IL 60628
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28 112Th Pl
    Chicago, IL 60628
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    28 112Th Pl Chicago, IL 60628
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.