Property profile & analytics
833 115th St Chicago, IL 60643-4618
- Retail space
- 1.69 lot acres
OFF-MARKET
Last Sale
Jun 06, 2024
Jun 06, 2024
$2,685,000
Value Estimations
$2,685,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-5432225
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
- Walgreens Pharmacy / Pharmacy
- Walgreens / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
Property Details for 833 115th St
- Year built
- 2003
- Lot size
- 1.69 lot acres
- Property type
- Retail space
- APN
- 25-20-404-107
- APU
- 2520404107
Description
This exceptional investment opportunity presents a fee-simple Walgreens property located at 833 W 115th St, Chicago, IL 60643. The 14,820 square foot building sits on a 1.26-acre lot and is currently vacant, offering a substantial upside potential. The property boasts an absolute NNN lease with a credit-rated tenant, Walgreens, ensuring a secure income stream. The lease commenced on May 1, 2006, and expires on May 31, 2031, leaving a remaining term of approximately seven years. The asking price is $4,200,000, translating to a price per square foot of $283.40 and a compelling 10.80% cap rate, generating a current NOI of $420,000. The property's strategic location, just 15 miles from downtown Chicago, adds further value. Its proximity to the proposed 12-acre mixed-use development, "Morgan Hose Commons," across the street, suggests significant future growth potential. This is a rare chance to acquire a high-yield, low-risk retail investment in a rapidly developing area of Chicago. The property is offered as fee title ownership, providing complete control and ownership benefits. All offers are welcome.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,685,000
- ML approach
- $2,685,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6434
- Latitude
- 41.6846
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$67,223
$115,210
$151,958
$267,168
-
$460,840
$607,832
$1,068,672
