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Browse More Listings in Shopping Center For Sale, Chicago, IL or Illinois

Shopping Center For Sale

730-756 W 55th Street - Garfield Plaza

730-756 W 55th Street, Chicago, IL 60609

Price:
$4,200,000
Gross Leasable Area:
14,880 SF
Price/SF:
$282.26
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with 5 years left on lease
Commission Split:
1.5%
Cap Rate:
7.90%
Occupancy:
92%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2004
Lot Size:
36,800 SF
Parking Ratio:
3.42 / 1,000 SF
Find Out More...

Last Verified 10/7/2009 Listing ID 14179633

Highlights

14,880 sq ft Retail Center For Sale
Built in 2004
Current Net Income is $333,366 annually

Traffic Light Intersection
Densely Populated Area
All leases are triple net

Description

Retail Center built in 2004. This retail center consists of 2 rectangular buildings totalling 14,880 sq ft. The west building is approximately 8,160 sq ft and the east building is approiximately 6,720 sq ft. The site is approximately 36,887 sq ft. The property is professionally managed by a property manager. All leases are triple net. The center is 100% leased. C.A.M., property management and all real estate taxes are paid by the tenants.

The property is located on the northeast corner of 55th & Halsted in Chicago. There are 2 rectangular buildings that are accessed via Halsted St. and 55th St.

Major Tenant Information

Tenant	SF Occupied	Lease Expired
Subway	1,120	11/1/2009
Yale Insurance	1,120	11/1/2009
Beauty Supply Store	3,060	11/1/2009
Captain Fish & Chicken	1,020	11/1/2009
H&R Block	1,120	4/1/2010

Map of 730-756 W 55th Street, Chicago, IL 60609 (Cook County)

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Created 4/13/2005

Additional Information for 730 W 55th Street, Chicago, IL 60609

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 730-756 W 55th Street, Chicago, IL 60609

Nearby Shopping Center properties for saleSearch all commercial real estate for sale

59TH & WENTWORTH STRIP MALL
$2,100,000
9,000 SF

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

59TH. & WENTWORTH RETAIL STRIP CENTER
$22.00/SF/Year
1,000 - 9,000 SF
Grand Boulevard Plaza
$18.00 - $28.50/SF/Year
800 - 10,000 SF
730 W 55th Street
$16.00/SF/Year
1,120 SF

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - 730-756 W 55th Street - Garfield Plaza

730-756 W 55th Street, Chicago, IL, 60609