11113 Michigan AveChicago, IL 60628

For Sale
$189,000

Prime Chicago retail space, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional opportunity to acquire two adjacent storefronts totaling 4,500 square feet in Chicago's vibrant Roseland commercial district. This single-story property is listed at $189,000, representing a price per square foot of $42. The property features a gross lease type and currently boasts a 50% occupancy rate, generating a pro-forma net operating income (NOI) of $29,000 and a pro-forma capitalization rate of 15.34%. The two units are individually configured

Highlights

  • Two adjacent storefronts totaling 4,500 square feet in Chicago's Roseland neighborhood.
  • Priced at $189,000 ($42/SF).
  • Gross lease, currently 50% occupied, with a pro-forma NOI of $29,000 and a 15.34% cap rate.
  • Features two individually configured units with open floor plans.
  • One unit is 3,000 square feet and the other is 1,500 square feet.

Property Details for 11113 Michigan Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,500 SF
Stories
1
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.692070953799
Longitude
-87.621025252982
11113 Michigan Ave, Chicago, Illinois

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11113 Michigan Ave
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