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Cermak Plaza 3932-3956 W Cermak Rd 14,305 SF 100% Leased Retail Building Chicago, IL 60623 $4,400,000 ($307.58/SF) 7.60% Cap Rate
Executive Summary
NNN Investment and great long term tenants mix. 100 % Occupied with 8 tenants. Very visible and busy 6 corner business corridor. Very dense population area with countless car and foot traffic. Built 2007.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,305 SF
Building Class
B
Year Built
2007
Price
$4,400,000
Price Per SF
$307.58
Cap Rate
7.60%
NOI
$334,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.72 AC
Zoning
C1-2 - Neighborhood Commercial District
Parking
34 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
250’ on W Cermak Rd
Amenities
- Corner Lot
- Air Conditioning
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $183,965 | |
| Land Assessment | $105,532 | Total Assessment | $289,497 |
Property Taxes
Parcel Numbers
Land Assessment
$105,532
Improvements Assessment
$183,965
Total Assessment
$289,497
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Cermak Plaza | 3932-3956 W Cermak Rd