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    633 Plymouth Ct Chicago, IL 60605

    Sponsored
    For Sale
    $900,000

    Chicago Retail Condo, High NOI

    Property size:
    9,941 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,941 square foot retail storefront condo in Chicago's Printers Row presents a compelling investment opportunity. Built in 2022, the property boasts three units currently operating at 100% occupancy with a Net Operating Income (NOI) of $68,407, yielding a 7.6% cap rate. The asking price is $900,000, translating to $135 per square foot. Each of the three tenants is on a NNN lease, offering a stable income stream. The property sits on a 10,070 square foot lot and is ideally located within walking distance of the Red and Blue CTA lines, offering convenient access to public transportation. Its prime location also provides proximity to Lake Michigan, the Shedd Aquarium, Soldier Field, and the Adler Planetarium, enhancing its appeal and potential for future growth. The leases are short-term, presenting an opportunity to adjust rental rates to reflect current market conditions. This versatile property is suitable for both passive investors seeking strong cash flow and owner-occupants looking to offset costs with rental income. Ample adjacent parking further enhances the property's desirability. This is a rare opportunity to acquire a high-performing retail property in a highly sought-after Chicago location.

    Property Features for 633 Plymouth Ct

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,941 SF

    Building Details

    Year Built
    2022
    Units
    3

    HighLights

    • Rare investment opportunity in Chicago's Printers Row.
    • Ample adjacent parking.
    • Walking distance to Red and Blue CTA lines.
    • Prime location near Lake Michigan, Shedd Aquarium, Soldier Field, and Adler Planetarium.
    • $900,000 purchase price.
    • $68,407 Net Operating Income (NOI) with a 7.6% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Knuckleheads Boxing Gym Boxing Gym Asil Çelik USA Corporate Office yarnify! | Chicago Yarn Store AC Americas Manufacturer Mind your Manners ... Training Centre

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6284325
    Latitude
    41.8734576

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    FAQs

    What type of property is this?
    Individual retail property - Chicago Retail Condo, High NOI
    Where is this individual retail property located?
    The property is located at 633 Plymouth Ct Chicago, IL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Rare investment opportunity in Chicago's Printers Row.; Ample adjacent parking.; Walking distance to Red and Blue CTA lines.
    Request Owner's contact information
    633 Plymouth Ct Chicago, IL 60605
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    Chicago, IL 60605
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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
    633 Plymouth Ct Chicago, IL 60605
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