3930 E 106th St | Chicago, IL 60617
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- LoopNet Team
3930 E 106th St
Chicago, IL 60617
East Side Retail Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- East Side Retail center was constructed in 2019 with all brick construction
- At a list cap rate of 8% an investor can achieve over a 10% cash-on-cash return in year 1.
- Oxford Insurance has been around for more than 65 years and has a strong presence in the Chicago MSA
- The subject property is 100% occupied by two e-commerce proof tenants with a Weighted Average Lease Term of 8.3 years
- The current owner received a Class 7B Tax Incentive in 2021 freezing the Real Estate Taxes for 10 yrs limiting the overall occupancy cost for tenants
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,399 SF
Building Class
B
Year Built
2019
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
4.33 AC
Zoning
Retail
Parking
30 Spaces (8.54 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 26-08-407-051-0000 | Improvements Assessment | $45,291 |
| Land Assessment | $23,709 | Total Assessment | $69,000 |
PROPERTY TAXES
Parcel Number
26-08-407-051-0000
Land Assessment
$23,709
Improvements Assessment
$45,291
Total Assessment
$69,000
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