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4323 W Irving Park Rd
Chicago, IL 60641
Citywide Plaza · Retail Property For Sale


Investment Highlights
- Property Tax Reduction
- Strategic Location
- Strong Demographics
- Attractive Rental Increases
- Transited Oriented Location
- High Traffic Counts
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Citywide Plaza located at 4323 W Irving Park Road in Chicago, Illinois (the “Property”). The Plaza contains 10,000 square feet of gross leasable area on a 0.27-acre parcel with a dedicated parking lot at the rear of the Property. Citywide Plaza is comprised of eight (8) 1,250 square foot units spread over two floors and is 100% occupied by a complimentary mix of seven (7) local and regional businesses offering products and services for the surrounding community. Citywide Plaza is extremely well-located along a heavily trafficked stretch of W Irving Park Road and is seconds from N Milwaukee Avenue and Cicero Avenue, two of the area’s primary commercial and commuter corridors. The Property features excellent visibility and frontage and is surrounded by national retailers that drive traffic to the area. The Property is positioned along the CTA bus line, is 0.3 miles from the Irving Park Subway Station (CTA Blue Line) and Irving Park Metra Station (UP-NW Line) and offers convenient access to Interstates 90 and 94.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
B
Year Built
2006
Price
$2,650,000
Price Per SF
$265
Cap Rate
7.73%
NOI
$204,894
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.27 AC
Zoning
B2-1 - Commercial
Frontage
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 13-22-200-031-0000 | Improvements Assessment | $169,259 |
| Land Assessment | $103,241 | Total Assessment | $272,500 |
Property Taxes
Parcel Number
13-22-200-031-0000
Land Assessment
$103,241
Improvements Assessment
$169,259
Total Assessment
$272,500
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