Beverly Plaza Shopping
9601 South Western Avenue, Chicago, IL 60643
For Sale
Contact for pricing
Retail center offering a substantially leased commercial investment profile.
Property Size23,408 SF
Price / SF$264.87
Days on Market102
Property Features for 9601 South Western Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Investment Type
Net Operating Income
Site & Location
Neighborhood
Additional Details
Cap Rate
Building Details
Year Renovated
Units
Tenancy
Listing Agency:
Matthews
Listed By:
Harrison Wachtler · License TN #360155
(615) 667-0160
Source:
Crexi
Added: Aug 5
Changed: Nov 7
Last Checked: Nov 12 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Beverly Plaza is a shopping center at 9601 South Western Avenue in Chicago, Illinois 60643. The property contains 23,408 square feet of retail space and is 97.91% leased.
The center carries a 6.50% cap rate, providing a concise investment overview for buyers evaluating an occupied retail property.
The center carries a 6.50% cap rate, providing a concise investment overview for buyers evaluating an occupied retail property.
Key Highlights
- 23,408‑square‑foot shopping center
- 97.91% leased
- 6.50% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$323,845
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,476,900
$6.5M
Cap Rate 7%
$4,626,357
$4.6M
Cap Rate 9%
$3,598,278
$3.6M
Market Conditions
NOI Build-Up for 23,408 SF
Gross rent
$505.6K $21.60/SF
− Vacancy
−$43.0K −$1.84/SF
EGI
$462.6K $19.76/SF
− OpEx
−$138.8K −$5.93/SF
NOI
$323.8K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,476,900
Cap Rate 7%
$4,626,357
Cap Rate 9%
$3,598,278
Alternative Uses
Best Use
Retail
$4.63M
$4.05M – $5.40M
NOI $323,845 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.04M
$9.66M – $12.88M
NOI $772,576 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
492k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Shops & Services 24%
Dining 19%
Groceries 14%
Walmart
Superstores
136,394 visits/mo
0.3 miles
Meijer
Groceries
67,960 visits/mo
0.4 miles
Macy's
Apparel
55,729 visits/mo
0.3 miles
McDonald's
Dining
33,822 visits/mo
0.4 miles
Five Below
Shops & Services
30,293 visits/mo
0.3 miles
Demographics for 60643, IL
47,831
Population
19,541
Households
2.4
Avg Household Size
44
Median Age
39%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
6,464
Density / Sq Mi
$83,015
Median Household Income
$53,155
Median Earnings
$1,359
Median Rent
$233,900
Median Home Value
Market
Properties on Market for Shopping centers in Chicago
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center offering a substantially leased commercial investment profile.
Where is this shopping center located?
The property is located at 9601 South Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 23,408‑square‑foot shopping center; 97.91% leased; 6.50% cap rate
