542 Roosevelt Rd Chicago, IL 60607

This exceptional 24,558 square foot multi-tenant retail center, located at 542-566 W. Roosevelt Road in Chicago, IL 60607, presents a compelling investment opportunity. Boasting 91% occupancy, the property features a diverse tenant mix within a bustling South Loop location. Built in 1964 and extensively renovated between 2017 and 2019 (including a new roof with a warranty extending into 2029), this shopping center and storefront property offers significant upside potential. Improvements exceeding $1.5 million include a new roof and façade, along with various plumbing, electrical upgrades, and fresh paint. The property sits on a 0.73-acre lot and includes 28 parking spaces. Its DS-3 Downtown Service District zoning allows for a variety of uses. An attractive assumable loan is available, and the property also benefits from a billboard with potential for separate revenue generation. The strategic location along a busy stretch of Roosevelt Road, with proximity to I-90, ensures high visibility and accessibility. Value-add opportunities exist through lease-up of vacant spaces and market rate adjustments. This is a rare chance to acquire a well-maintained, high-performing retail asset in a prime Chicago location.