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    OFF-MARKET
    Lifestyle centers

    1964 Peterson Ave, Chicago, IL 60660

    8,349 SF
    Property ID
    Property summary
    AI-generated overview

    Peterson Plaza, located at 1964 W. Peterson Ave, Chicago, IL 60660, presents a prime retail opportunity within a thriving shopping center. This single-tenant property boasts a total of 8,349 square feet, offering excellent visibility and accessibility. The building enjoys abundant window frontage along Peterson Avenue, maximizing exposure to the high volume of traffic. Illinois Department of Transportation data indicates a daily traffic count of 25,300 vehicles passing the center. The property includes a 16-car parking lot for customer convenience. Currently, 1,122 square feet are available for lease. The center benefits from prominent signage opportunities, including sign boxes and a pylon sign. This location offers a strong tenant mix, including established businesses such as Dunkin' Donuts, a cellular dealer, a liquor/convenience store, a fast-food restaurant, an insurance agency, and Subway. The property's location in a popular strip center ensures high foot traffic and strong brand visibility. This is an exceptional opportunity for a business seeking a high-traffic, well-established retail location in a bustling Chicago neighborhood. The property is classified as Retail and Land, with a Commercial, Shopping Center subtype. The county is Illinois.

    Property profile
    Verified
    Property type Lifestyle centers
    Total area 8,349 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Peterson Plaza Department Store Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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