741-753 31St St Chicago, IL 60616
- Retail properties
- 3,000 SF
Current Use by Public Records
- Retail properties
Property Details for 741-753 31St St
- Year built
- 2004
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 3,000 square foot retail space, located at the highly visible corner of 31st and Halsted Streets in Cook County, presents a unique investment opportunity. Built in 2004 and extensively renovated in 2022, the property boasts a fully equipped kitchen and back office, perfectly suited for a variety of restaurant or retail concepts. Currently occupied by a Dunkin' Donuts, the tenant is vacating in July 2022 upon completion of their new drive-thru location nearby. The existing lease agreement extends through March 2025, with options for lease extension available through negotiations with the building ownership. The property's single-tenant occupancy simplifies management, while its prime location ensures high visibility and foot traffic. The 3,000 square feet of vacant space offers immediate occupancy for a new business, eliminating the need for extensive build-out. This is an exceptional opportunity to acquire a turn-key retail or restaurant space in a thriving commercial area. The property's recent renovation ensures modern amenities and a move-in ready condition. The high traffic location and existing lease provide immediate income potential and long-term stability. Don't miss this chance to secure a prime retail space in a desirable Cook County location.
Value Estimations
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6454
- Latitude
- 41.8377