1424 47Th St Chicago, IL 60609
- Neighborhood centers
- 55,775 SF
Current Use by Public Records
- Neighborhood centers
Property Details for 1424 47Th St
- Year built
- 1987
- Property size
- 55,775 SF
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
Bishop Plaza, a vibrant 55,775 square foot retail strip center in Cook County, offers exceptional opportunities for businesses seeking high-visibility locations in a diverse Chicago neighborhood. Built in 1987, this established center boasts a strong tenant mix including Aviva Clothing, UI Health Medical & Dental, Little Caesar's, America's Best Optical, the US Post Office, and the newly opened CLS Plasma. The property features multiple spaces available, ranging from a minimum of 1,250 square feet to a maximum contiguous space of 19,292 square feet; a total of 20,542 square feet is currently vacant. Rental rates are competitive, ranging from $16 to $33 per square foot, with common area maintenance and taxes totaling $11.05 per square foot. The center benefits from its strategic location, with a CTA bus stop directly at the corner, ensuring high foot traffic and accessibility. The necessity-based tenants, including the post office and medical facilities, provide a stable and consistent customer base. This property presents a compelling investment opportunity in a thriving, diverse community with significant potential for growth. The center's strong existing tenant base and convenient location make it an ideal choice for a variety of retail businesses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6602
- Latitude
- 41.809
