4756 S Kedzie Ave Chicago, IL 60632

- Mid-America Real Estate Corporation has been retained by the owner to sell the 100% fee simple interest in Kedzie Plaza. The established neighborhood shopping center caters to Chicago’s dense southwest side and provides a unique value-add opportunity for potential investors. - Grocery Shadow-Anchored – Kedzie Plaza is shadow anchored by Pete’s Fresh Market (17 locations), a dominant independent grocer on the southwest side of Chicago. The local grocer, which receives over 1.4 million annual visits according to Placer.ai, provides exceptional drawing power to the center. - Stable Tenancy – Kedzie Plaza offers a purchaser an asset that has had unrivaled stability throughout its history. With nearly 68% of the tenancy based on GLA having been at the shopping center for over 20 years, Kedzie Plaza offers a unique opportunity to acquire a historically stable center that offers consistent future yields. - Dense Infill Demographics – Kedzie Plaza benefits from its location in the dense, established Brighton Park and Gage Park communities of Chicago. The area within a three-mile radius of Kedzie Plaza contains a population of over 350,000. The stability of the area’s economy is bolstered by its proximity to Midway International Airport, just 2.5 miles to the southwest. Strong Retail Corridor – The Brighton Park trade area features unmatched retail density. Within just a two-mile radius of Kedzie Plaza, Ross Dress for Less, ALDI, Pete’s Fresh Market, Dollar Tree, and Walgreens all operate two or more locations. The urban infill characteristics of the market create high barriers to entry and contribute to a lack of high-traffic sites for new retail development. While the surrounding areas already boast an abundance of national tenants, the trade area continues to attract both new and existing retailers. - Value-Add Opportunity – A buyer can increase the gross income by $87,000 by leasing the remaining 2,520 square feet of vacancy at the property at prevailing market rental rates. - Unparalleled Location – The shopping center’s prime position just north of the busy CTA “L” Orange Line Kedzie station (3,357 riders per weekday), the Kedzie Avenue & 47th Street bus station (12,000 riders per weekday) and just 1.5 miles south of Interstate 55 (137,200 VPD) gives the center outstanding access to both pedestrian and vehicular traffic. - Medical Retail Tenancy – Kedzie Plaza features a traffic driving tenant line-up that is heavily oriented toward medical retail tenants including anchors Octapharma and Access Community Health. These tenants make up 46% of the GLA - Kedzie Plaza is located at the southwest corner of Kedzie Avenue and 47th Street, just south of the Pete’s Fresh Market located at the signalized corner of 47th Street. The shopping center also benefits from its ideal location just north of Steeple Center which features TJ Maxx, ALDI, and Family Dollar. - The market features over one million square feet of retail space with an overall market occupancy of 96% (excluding Kmart). - The following table summarizes the dense demographic profile of Kedzie Plaza’s surrounding communities. - Constructed in 1986, Kedzie Plaza features 53,400 square feet of retail space situated on approximately 3.35 acres of land. The property is an “L” shape strip center featuring two freestanding outlot buildings, one of which is separately owned. Additionally, a separately owned Pete’s Fresh Market and O’Reilly Auto Parts shadow-anchors the shopping center. - Kedzie Plaza benefits from roadside visibility on Kedzie Avenue (22,800 VPD) and convenient access to Downtown Chicago, located just seven miles away to the northeast. Access to the shopping center is provided by two curb cuts located on 47th Place and one on Kedzie Avenue