4000 E 106th St
Chicago, IL 60617
Retail Property For Sale
Investment Highlights
- Over Twelve and a half (12.5+) years remaining on a Twenty (20) year base lease term
- Strong rental increases of 7% beginning in less than 3 years, plus every 5 years thereafter
- Newer Construction, Built in 2012 - Free Standing Block Construction
- Rare, dense infill Chicago MSA location with a population in excess of 200,000 within 5 miles
- NNN Lease with limited LL responsibilities. No mngmt. responsibilities. LL responsible for roof, structure & parking lot replacement, if necessary.
- The subject property is located at the signalized intersection of 106th Street and Avenue B (17,200 VPD), Also, just off I-90 freeway (52,271 VPD)
Property Facts
About 4000 E 106TH ST , CHICAGO, IL 60617
The subject property is located at the northeast corner of 106th Street & Avenue B, Chicago, IL. The freestanding O’Reilly Auto Parts building is 7,150 square feet located on 35,868 square feet of land at a signalized intersection. The property is located adjacent to the Chicago Skyway which is main thoroughfare for people traveling between Indiana, Michigan and Illinois. The Chicago Skyway Bridge is a 7.8-mile toll road built in 1958 to connect the Dan Ryan Expressway to the Indiana Toll Road. In 2002, the Chicago Skyway attracted a record 18.7 million motorists whose tolls amounted to $43 million dollars in revenue–twice the $21.5 million in tolls collected in 1993. In 2003, during the final phase of reconstruction, the Chicago Skyway served 17.4 million motorists who paid $39.7 million dollars in toll revenue. The subject property is located just off of the Indianapolis Boulevard exit which is the main exit for people accessing the Northwest Indiana Casinos (Horse Shoe, Ameristar, Empress and Harrah’s Casinos). This property is adjacent to an ALDI grocery store and KFC restaurant with other national tenants in close proximity. The property is visible from the adjacent highway and very accessible considering its proximity to full ingress and egress to I-90 Chicago Skyway.
Property Taxes
| Parcel Number | 26-08-408-033-0000 | Improvements Assessment | $113,330 |
| Land Assessment | $90,445 | Total Assessment | $203,775 |
Property Taxes
