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316 W 103rd St
Chicago, IL 60628
Retail Property For Sale
Investment Highlights
- Proven Site Performance: Dollar General has been in place since 2013
- Asking 10% Cap Rate: Compelling pricing backed by a newly extended lease
- New Lease Extension: Brand new 2-year lease extension through July 2027, showing ongoing commitment
Executive Summary
±12,075 Square Feet: Ground floor retail with parking lot occupied by Dollar General along 103rd Street, a primary east-west arterial. CTA Red Line Extension: Backed by a $2 Billion FTA grant, construction kicks off in 2025 and will feature a new 103rd Street Station just steps from the property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,075 SF
Building Class
C
Year Built/Renovated
1962/2018
Price
$1,295,000
Price Per SF
$107.25
Cap Rate
10%
NOI
$129,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.86 AC
Zoning
B3-1 - Community shopping district
Parking
57 Spaces (4.72 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 25-09-424-061-0000 | Improvements Assessment | $176,875 |
| Land Assessment | $84,375 | Total Assessment | $261,250 |
Property Taxes
Parcel Number
25-09-424-061-0000
Land Assessment
$84,375
Improvements Assessment
$176,875
Total Assessment
$261,250
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