4500-4700 Damen Ave Chicago, IL 60609
- Lifestyle centers
- 260,481 SF
- 21.03 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4500-4700 Damen Ave
- Year built
- 1990
- Lot size
- 21.03 lot acres
- Property size
- 260,481 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Yards Plaza, located at 4500-4700 S. Damen Avenue in Chicago, Illinois, presents a significant investment opportunity. This 260,481-square-foot shopping center, built in 1990 and renovated in 2013, sits on a 21.03-acre lot and offers 1,235 parking spaces. The property boasts a strong tenant roster, anchored by Forman Mills with a remaining ten-year lease term. Additional tenants include Dollar Tree and Planet Fitness. However, there is a value-add opportunity with two vacant spaces available for lease. The center benefits from its location within a high-traffic area, exceeding 29,000 vehicles per day, and is easily accessible by public transportation. The property is situated in a densely populated area, with over 300,000 residents within a three-mile radius. The property's APN is 20-06-303-020-0000
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
- -87.6761
- Latitude
- 41.8111
