1614 95Th St Chicago, IL 60643
- Banks
- 0.56 lot acres
Current Use by Public Records
- Banks
Property Details for 1614 95Th St
- Year built
- 2006
- Lot size
- 0.56 lot acres
- Property type
- Banks
- APN
- 25-06-426-014
- APU
- 2506426014
Description
This exceptional investment opportunity presents a fee-simple interest in a 3,500-square-foot freestanding retail building located at 1614 W 95th St, Chicago, IL 60643, Cook County. The property, built in 2008, sits on a 0.58-acre lot and features a drive-thru. Currently occupied by BMO under an absolute NNN lease with over three years remaining until the lease expires on November 30, 2027. The lease commenced November 10, 2007, and includes four, five-year renewal options with a 10% rent increase at each option, providing inflation protection. The property boasts a strong location anchored by Jewel-Osco, situated in a growing retail corridor with a new Starbucks, and benefits from excellent visibility and access. The property's pro-forma NOI is $219,615, and the asking price is $2,745,188. This presents a compelling acquisition opportunity in the Chicago MSA, within a dense, urban infill demographic area. The APN is 25-06-426-014-0000. This single-tenant building offers a secure investment with a high-quality tenant and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6637
- Latitude
- 41.7216
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
