7047-7059 S Martin Luther King Dr
Chicago, IL 60619
Retail Property For Sale

Prime commercial corner property that has been successfully run as a neighborhood grocery store for generations. This 6,100 SF free-standing building sits on six full size lots (18,750 SF) with 150 feet of frontage along King Dive and 125 feet of frontage along 71st Street. The property is located in Park Manor area in the Greater Grand Crossing community approximately nine miles south of the Loop with easy access to the Edens Expressway and The Skyway. The building includes a massive walk-in cooler and an equally large walk-in freezer. There is a second walk-in cooler in a separated butcher area and a closed off kitchen area for on-site food preparation. The vacant lot adjacent to the building has room for 40 parking spots. Nearby intersection has more than 25,000 vehicles per day. Building is currently vacant but was generating $7,000/month gross in rent for years producing a 12%+ Cap Rate. Ideal location for a grocery store, convenience store, dollar store, big box retailer or food franchise with space to add a drive-through. Zoned B3-1 – Community Shopping District which would allow a maximum 22,500 SF building. Perfect location for a possible craft growing facility.