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3200 W 26th St
Chicago, IL 60623
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 223 FT. OF PRIME FRONTAGE PROPERTY with 6 leased commercial storefronts. Second floor has 2 spaces, 1 leased apt. - 1 available office/storage.
- Average daily traffic count of 28,000 vehicles, high foot traffic, on primary CTA bus-line.
- 9.32 CAP RATE FULLY LEASED (7 of the 8 spaces are currently leased)
EXECUTIVE SUMMARY
***2024 property tax REDUCTION significantly increases CAP Rate!***
***223 FT. OF PRIME FRONTAGE PROPERTY - NOW 9.32% CAP RATE FULLY LEASED***
Well maintained brick building owned, cared for and managed by same family for decades. Located at very high traffic intersection of 26th St. & Kedzie Ave. in Chicago's Little Village Neighborhood. Average daily traffic count of 28,000 vehicles, high foot traffic, on primary CTA bus-line. Close to I-290/I-94 & I-55. First floor features 6 commercial storefronts - all are leased. Second floor has 2 spaces - a leased apartment and an available office/storage space for rent or owner discretional space (appx. $2k/mo.). All commercial spaces have reputable businesses/tenants providing steady/reliable income. 6+ parking spaces in back of building offer additional revenue opportunities. Call for further details, questions and showings. Allow 2-3 days advance notice for showing appointment requests. Please do not disturb tenants or their businesses.
***223 FT. OF PRIME FRONTAGE PROPERTY - NOW 9.32% CAP RATE FULLY LEASED***
Well maintained brick building owned, cared for and managed by same family for decades. Located at very high traffic intersection of 26th St. & Kedzie Ave. in Chicago's Little Village Neighborhood. Average daily traffic count of 28,000 vehicles, high foot traffic, on primary CTA bus-line. Close to I-290/I-94 & I-55. First floor features 6 commercial storefronts - all are leased. Second floor has 2 spaces - a leased apartment and an available office/storage space for rent or owner discretional space (appx. $2k/mo.). All commercial spaces have reputable businesses/tenants providing steady/reliable income. 6+ parking spaces in back of building offer additional revenue opportunities. Call for further details, questions and showings. Allow 2-3 days advance notice for showing appointment requests. Please do not disturb tenants or their businesses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,250 SF
Building Class
C
Year Built
1899
Price
$2,900,000
Price Per SF
$218.87
Cap Rate
9.32%
NOI
$270,300
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.29 AC
Zoning
C1-2
Parking
6 Spaces (0.45 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 16-26-231-040-0000 | Improvements Assessment | $241,688 |
| Land Assessment | $39,813 | Total Assessment | $281,501 |
PROPERTY TAXES
Parcel Number
16-26-231-040-0000
Land Assessment
$39,813
Improvements Assessment
$241,688
Total Assessment
$281,501
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