801 119Th St Chicago, IL 60643
- Retail space
- 61,800 SF
- 4.01 lot acres
Current Use by Public Records
- Citi Trends / Plus Size Clothing Store / Shoe Store
Property Details for 801 119Th St
- Year built
- 1970
- Lot size
- 4.01 lot acres
- Property size
- 61,800 SF
- Property type
- Retail space
- APN
- 25-29-202-001
- APU
- 2529202001
Description
This exceptional investment opportunity presents a 61,800 square foot, single-story shopping center in Chicago's West Pullman neighborhood, situated at the prominent intersection of Halsted and 119th Street. The property boasts a 10.42% capitalization rate and a compelling asking price of $4,800,000 ($77.67/sq ft). Built in 1967 and renovated in 1983, the center features four tenants, including national brands Dollar General and Citi Trends, along with a State of Illinois Human Services office and a local family services center, ensuring a stable tenant base with corporate guarantees. The property's strong occupancy rate contributes to a substantial net operating income (NOI) of $500,217. With 300 parking spaces available across a 3-acre lot, the center offers ample convenience for shoppers. Its strategic location, just one mile east of Interstate 57, ensures high visibility and accessibility within a densely populated area. This stabilized investment is an excellent opportunity for discerning buyers seeking a strong return on investment in a prime Chicago location. The property includes one building on a single story.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $895,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,105,000
- 6.5%
- $1,200,000
- 7%
- $1,275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,175,000
- Geo Method
- $1,345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,270,000
- Retail
- $1,040,000
- Mixed-Use
- $1,155,000
- Hospitality
- $1,375,000
- Educational
- $1,230,000
- Residential Income
- $1,295,000
- Energy
- $1,280,000
- Income-Based Land
- $1,235,000
- Food Service
- $1,200,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6431
- Latitude
- 41.6773
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
