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    1614 95Th St Chicago, IL 60643

    Sponsored
    For Sale
    $2,745,188

    Fee-simple retail bank, strong tenant.

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fee-simple interest in a 3,500-square-foot freestanding retail building located at 1614 W 95th St, Chicago, IL 60643, Cook County. The property, built in 2008, sits on a 0.58-acre lot and features a drive-thru. Currently occupied by BMO under an absolute NNN lease with over three years remaining until the lease expires on November 30, 2027. The lease commenced November 10, 2007, and includes four, five-year renewal options with a 10% rent increase at each option, providing inflation protection. The property boasts a strong location anchored by Jewel-Osco, situated in a growing retail corridor with a new Starbucks, and benefits from excellent visibility and access. The property's pro-forma NOI is $219,615, and the asking price is $2,745,188. This presents a compelling acquisition opportunity in the Chicago MSA, within a dense, urban infill demographic area. The APN is 25-06-426-014-0000. This single-tenant building offers a secure investment with a high-quality tenant and significant upside potential.

    Property Features for 1614 95Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,500 SF
    Lot Size
    25,265 SF

    Building Details

    Year Built
    2008
    Buildings
    1

    HighLights

    • Fee‑simple ownership of a 3,500 SF freestanding retail building with a drive‑thru, located in a strong retail corridor in Chicago, IL.
    • Excellent visibility and access, anchored by Jewel‑Osco and near a new Starbucks.
    • Investment‑grade credit tenant (BMO) under an NNN lease with over three years remaining and four, five‑year renewal options with 10% rent increases.
    • Strong demographics in a dense, urban infill area within the Chicago MSA.
    • Pro‑forma NOI of $219,615 and asking price of $2,745,188.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    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
    -87.663753
    Latitude
    41.721617

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    FAQs

    What type of property is this?
    Individual retail property - Fee-simple retail bank, strong tenant.
    Where is this individual retail property located?
    The property is located at 1614 95Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,745,188.
    What are key features of this property?
    This property features: Fee-simple ownership of a 3,500 SF freestanding retail building with a drive-thru, located in a strong retail corridor in Chicago, IL.; Excellent visibility and access, anchored by Jewel-Osco and near a new Starbucks.; Investment-grade credit tenant (BMO) under an NNN lease with over three years remaining and four, five-year renewal options with 10% rent increases.
    Request Owner's contact information
    1614 95Th St Chicago, IL 60643
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    Chicago, IL 60643
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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
    1614 95Th St Chicago, IL 60643
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