Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60619
71st
414
Street
W88° 22' 32.1''
N41° 52' 32''
South in King Drive and east on 71st Street to building
CHI - Greater Grand Crossing
CHI - Greater Grand Crossing
E
E
COMMR
Additional Information
4800
Service - 101 to 200 Amps
Service - 101 to 200 Amps
148X40
3
3
1
Be Realty, LLC
Mikus Kins
Financial
12420
Listing Information
876881
85337
MRED
Listing Information
Active
2023-11-13T06:07:05Z
2023-11-13T06:06:06Z
Property Description

Prime three unit commercial corner property successfully run as a neighborhood street level retail center with longtime laundromat, nail salon and beauty supply tenants. Two tenants just executed three-year leases with 4% annual escalation while the third just signed a five-year lease with 3% annual escalations. Tenants pay for all utilities. This 100% occupied 4,800 SF freestanding three-unit building has 148 ft 71st Street frontage. Located in the Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Easy access to the Edens Expressway and The Skyway. Nearby intersection has 25,000+ VPD. Zoned B3-1 – Community Shopping District. Located in the 67th/Wentworth TIF District. The district is intended to foster new residential, commercial, and mixed-use development investment opportunities. Other grant options are possible, such as the Neighborhood Opportunity Fund and the R3 Grant.

Commercial Sale For Sale

, Chicago, Cook County, Illinois 60619, USA

$550,000
Listing ID#11926293
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11926293
Price : $550,000
Year Built : 1915
Listing Status : Active
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