Freestanding Retail Strip Center for Sale

Investment Overview

- Fully leased, cash-flowing strip center producing an 11% cap rate - Three-unit, 4,800 SF freestanding commercial building - Longtime tenants: laundromat, nail salon, and beauty supply - Tenants pay all utilities - 148 ft of frontage on 71st Street - Prime corner location with excellent visibility - Situated in the Park Manor area of the Greater Grand Crossing community - Approximately 9 miles south of the Loop - Middle-market neighborhood w/solid housing stock and strong community assets - Easy access to CTA, Metra, I-94, the Edens Expressway, and the Skyway - Nearby intersection sees 25,000+ VPD - Close to South Shore Cultural Center, University of Chicago, and future Barack Obama Presidential Center - Zoned B3-1 – Community Shopping District Located in the 67th/Wentworth TIF District (supports new residential, commercial & mixed-use development). Additional incentive options may include the Neighborhood Opportunity Fund and R3 Grant. Strong presence of local businesses and medical facilities. Employment opportunities within the neighborhood.