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

Shopping Center For Sale

22nd & Pukaski

3932-56 Cermak Road, Chicago, IL 60623

Price:
$6,100,000
Gross Leasable Area:
14,303 SF
Price/SF:
$426.48
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with 10+ years left on lease
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2006
Lot Size:
31,223 SF
Find Out More...

Last Verified 8/24/2009 Listing ID 15863631

Highlights

Great tenant mix
100 % fully occupied
All NNN lease with annual rent increase

Long term leases
Newer construction

Description

Opportunity knocks !! Extremely rare opportunity to be the owner of a 100% occupied Retail Center and a high volume of Coin Laundry Business.

1. Retail Center:
- The property enjoys high traffic, easy access, and high visibility
- 100% fully occupied center with great tenant mix
- Newer construction built in late 2006
- All NNN leases with annual rent increases.
- All tenants are doing a high volume of business and owned businesses in multiple locations.
- Offering at 7.2 CAP rate

2. Laundromat:
- This is a money maker !!
- All new State-Of- The- Art Build-Out in outstanding Turn-Key operation.
- The business has low overhead expenses which makes it very desirable for investors and even more so for owner operators.
- Potential to do more in adding soap sales.
- Offering at 26% ROI
- Please do NOT stop by Laundromat without calling L.A.
- All records available upon pre-qualified buyer and written contract.

PLEASE DO NOT DISTURB TENANTS AND EMPLOYEES. ALL SHOWINGS ARE BY APPOINTMENT ONLY. CALL L.A. FOR DETAILS.

Cermak and Pulaski

Major Tenant Information

Tenant	SF Occupied	Lease Expired
Super Dollar	4,533
Fish & Chicken	2,000
Chiness Restaurant	1,000
Celluar Store	905
Laundromat	5,865

Map of 3932-56 Cermak Road, Chicago, IL 60623 (Cook County)

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Created 8/22/2008

Additional Information for 3932 W Cermak Road, Chicago, IL 60623

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 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 3932-56 Cermak Road, Chicago, IL 60623

Nearby Retail properties for saleSearch all commercial real estate for sale

1863 S. Kostner, Chicago
$399,000
5,300 SF

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

Ogden and Pulaski Center
Negotiable
870 - 15,000 SF
NEC 24th St. & Pulaski
$0 - $30.00/SF/Year
3,500 - 8,500 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 - 22nd & Pukaski

3932-56 Cermak Road, Chicago, IL, 60623