28 112Th Pl Chicago, IL 60628
- Retail space
- 21,668 SF
Current Use by Public Records
- Hr DL / Social Services Organization
- Chicago Mental Health Clinics / Public Health Department
- TV Star Planet / Consultant
Property Details for 28 112Th Pl
- Year built
- 1955
- Property size
- 21,668 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a +/-21,668 square foot, one-story freestanding commercial building situated on a +/-43,237 square foot lot in Chicago, IL. The property, located at 28 E 112th Pl, features two units totaling approximately 21,668 to 24,468 square feet, with the west unit at roughly 9,386 square feet and the east unit at approximately 12,282 square feet. An additional 2,800 square foot freestanding building, currently leased month-to-month to the 9th Ward Aldermanic office, is also included. Built in 1955 and renovated in 2006, the property boasts a B3-2 zoning designation, allowing for diverse uses. The property includes 50 parking spaces within a gated lot. Currently at 11.5% occupancy, this owner/user investment opportunity is priced at $865,000, or $35.35 per square foot. The property's location offers easy access to Interstates 57 & 94, public transportation, and numerous urban amenities, educational institutions, and city attractions. The high daytime traffic and dense population in this area make it an attractive investment for office, retail, or medical uses. This is a gross lease property with no rent bumps and no tenant credit rating.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.621904
- Latitude
- 41.6901406
