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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

741-753 31St St Chicago, IL 60616

3,000 SF Built 2004
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
Total area 3,000 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
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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