Single-Tenant Freestanding Retail Building with Parking Lot On-Site in Chicago - For Sale

Investment Overview

9,800 SF freestanding retail building located at of the SWC of the signalized intersection at Cottage Grove Avenue and Marquette Road (~20,000 VPD) in Chicago. The Property is 100% leased by the YWCA with lease term until October 2027. At the existing 100% occupancy rate, the Property produces a NOI of approximately $89,282. The single-tenant building features a unique "L-shaped" layout, with potential to be demised into smaller units. The property includes parking on site and is conveniently located one (1) mile east of the Interstate-90 (I-90) and Interstate-94 (I-94) interchange. Neighboring retailers include Aldi (directly across the street), Jewel-Osco, Family Dollar, AutoZone, Chipotle, McDonalds, Wendy's, and Subway, among many others.

Investment Highlights

• Excellent opportunity for an investor or owner/user to acquire a property a few blocks away from Jackson Park
• 100% occupied by YMCA and produces an NOI of approximately $89,282
• Flexible "L-shaped" layout provides potential to build a multiple-tenant retail center
• Large onsite parking lot
• Conveniently located one (1) mile east of the Interstate-90 (I-90) and Interstate-94 (I-94) interchange