KW Commercial and Keller Williams ONEChicago presents an investment opportunity in a Class B retail property located at 2 - 10 E. Cermak Rd. in Chicago's vibrant South Loop market. This property, built in 2017, offers a prime location and is anchored by the popular Shark's Chicken restaurant. With 5,157 square feet of available space on the ground level, this investment holds significant potential for investors seeking steady returns and long-term growth.
2 - 10 E. Cermak Rd. also presents an exciting potential redevelopment opportunity. The property's zoning designation as DX-5 allows for a wide range of development options. With a total land area of 9,300 square feet, this prime parcel provides ample space for a transformative project. Investors and developers can leverage the favorable zoning and ideal location to create a dynamic mixed-use development that aligns with the area's growth and demand. Whether it's a residential, commercial, or mixed-use venture, 2 - 10 E. Cermak Rd. offers the canvas for a significant redevelopment endeavor in the heart of the South Loop.
Chicago’s South Loop, a colorful 74-square-block neighborhood that is home to iconic Chicago museums, lakefront parks, and popular South Loop event venues, including gourmet restaurants and luxury hotels. South Loop venues are within close proximity to downtown Chicago and feature fantastic public transportation options, including access to all four Chicago Transit Authority (CTA) rail lines. The neighborhood is located only eight miles from Midway International Airport and 20 miles from O’Hare International Airport.
The property's location in the rapidly growing South Loop market also provides excellent upside potential, with increasing demand for high-quality retail and office space in the area. As the neighborhood continues to develop, rental rates are expected to increase, providing additional value to investors.
