801 119Th St Chicago, IL 60643
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Chicago Retail Center: 10.42% Cap Rate
Property size:
61,800 SFProperty 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
Listing Agency: Matanky Realty Group Listing Agent: Terri J. Cox
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Citi Trends
Clothing Store
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.