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    7122 Vincennes Ave Chicago, IL 60621

    Sponsored
    For Sale
    $989,000

    High-yield, 5-tenant retail center.

    Property size:
    7,365 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,365 sq ft shopping center in Chicago, IL presents a compelling investment opportunity. Located at 7122 S Vincennes Ave, this single-story, 6-unit property boasts 100% occupancy and a strong NOI of $119,407, generating a 12.07% cap rate. Built between 2008 and 2010, the property sits on a 0.49-acre lot and is zoned C1-2, offering versatility for various retail uses. The gross lease structure ensures consistent income from five tenants. The asking price is $989,000, translating to $134.28 per square foot. This well-maintained property offers a secure investment with significant potential for future growth in a vibrant Chicago location. The property's strong financial performance and prime location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable Chicago neighborhood. The property's solid financials, coupled with its strategic location, promise a stable and lucrative investment for years to come. The 100% occupancy rate and strong NOI demonstrate the property's inherent value and potential for continued success. Don't miss this chance to secure a prime retail investment in a thriving Chicago market.

    Property Features for 7122 Vincennes Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,365 SF
    Class
    C
    Lot Size
    21,344 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • $989,000 asking price for a 7,365 square foot shopping center.
    • Located at 7122 S Vincennes Ave, Chicago, IL 60621, on a 0.49‑acre lot.
    • Class C, single‑story building constructed in 2008/2010 with 6 units and 5 tenants.
    • 100% occupancy generating a $119,407 NOI and a 12.07% cap rate.
    • Gross lease type with a $134.28 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chi-Ville Cuts Barber Shop Shark's Fish & Chicken Chicken Restaurant Pillbox Pharmacy Cricket Cell Phone Store First Choice Grocery ... Wholesaler

    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
    -87.628934
    Latitude
    41.7645976

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, 5-tenant retail center.
    Where is this lifestyle center located?
    The property is located at 7122 Vincennes Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: $989,000 asking price for a 7,365 square foot shopping center.; Located at 7122 S Vincennes Ave, Chicago, IL 60621, on a 0.49-acre lot.; Class C, single-story building constructed in 2008/2010 with 6 units and 5 tenants.
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    Chicago, IL 60621
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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
    7122 Vincennes Ave Chicago, IL 60621
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