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    801 119Th St Chicago, IL 60643

    Sponsored
    For Sale
    $4,800,000

    Chicago Retail Center: 10.42% Cap Rate

    Property size:
    61,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 61,800 square foot, single-story shopping center in Chicago's West Pullman neighborhood, situated at the prominent intersection of Halsted and 119th Street. The property boasts a 10.42% capitalization rate and a compelling asking price of $4,800,000 ($77.67/sq ft). Built in 1967 and renovated in 1983, the center features four tenants, including national brands Dollar General and Citi Trends, along with a State of Illinois Human Services office and a local family services center, ensuring a stable tenant base with corporate guarantees. The property's strong occupancy rate contributes to a substantial net operating income (NOI) of $500,217. With 300 parking spaces available across a 3-acre lot, the center offers ample convenience for shoppers. Its strategic location, just one mile east of Interstate 57, ensures high visibility and accessibility within a densely populated area. This stabilized investment is an excellent opportunity for discerning buyers seeking a strong return on investment in a prime Chicago location. The property includes one building on a single story.

    Property Features for 801 119Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    61,800 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built/Renovated
    1967/1983
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • Exceptional investment opportunity: $4,800,000 asking price, 10.42% capitalization rate.
    • Fully leased shopping center at Halsted & 119th Street, West Pullman, Chicago.
    • Strong tenant mix including Citi Trends, Family Dollar, and State of Illinois Human Services.
    • High‑traffic location, one mile from I‑57.
    Property Profile Location Intelligence

    Current Use by Public Records

    Citi Trends Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.642511048003
    Latitude
    41.677656042289

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    FAQs

    What type of property is this?
    Lifestyle center - Chicago Retail Center: 10.42% Cap Rate
    Where is this lifestyle center located?
    The property is located at 801 119Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: $4,800,000 asking price, 10.42% capitalization rate.; Fully leased shopping center at Halsted & 119th Street, West Pullman, Chicago.; Strong tenant mix including Citi Trends, Family Dollar, and State of Illinois Human Services.
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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
    801 119Th St Chicago, IL 60643
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