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707 E 47th St 21,916 SF 100% Leased Retail Building Chicago, IL 60653 For Sale
Investment Highlights
- Opportunity Zone - Eligible for preferential tax treatment
- Stable tenants in prime location
- Strong Demographics - 47,000+ residents within one mile
- Assumable debt available @4.3%
Executive Summary
A nearly 22,000 square foot office/retail center located in Chicago, IL is available for sale. Assumable debt is available at 4.3% with over 4 years remaining on the term. This fully leased retail center is anchored by Dollar Tree (BBB Investment Grade Rating) and a healthcare tenant with 19 locations in Illinois. The property is ideally located one mile away from the University of Chicago campus in the high growth neighborhood of Bronzeville. Look around and see development on almost every corner.
**Key Features**:
- **Strategic Location**: Just west of the full interchange at 47th and Lake Shore Drive, with high traffic exposure.
- **Opportunity Zone**: Eligible for preferential tax treatment.
- **Strong Demographics**: 47,000+ residents within one mile.
- **Parking**: 42 spaces on-site.
- **Public Transit**: Half a mile from CTA Green Line 47th Street Station (373,918 annual entries).
With stable tenants and a prime location, this property offers a solid investment in a growing area. . Contact us today for more details.
**Key Features**:
- **Strategic Location**: Just west of the full interchange at 47th and Lake Shore Drive, with high traffic exposure.
- **Opportunity Zone**: Eligible for preferential tax treatment.
- **Strong Demographics**: 47,000+ residents within one mile.
- **Parking**: 42 spaces on-site.
- **Public Transit**: Half a mile from CTA Green Line 47th Street Station (373,918 annual entries).
With stable tenants and a prime location, this property offers a solid investment in a growing area. . Contact us today for more details.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
21,916 SF
Building Class
C
Year Built/Renovated
1991/2017
NOI
$321,294
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
B1-1 - Neighborhood Shopping District
Parking
42 Spaces (1.92 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar Tree started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-10-205-039-0000 | Improvements Assessment | $198,363 |
| Land Assessment | $193,225 | Total Assessment | $391,588 |
Property Taxes
Parcel Number
20-10-205-039-0000
Land Assessment
$193,225
Improvements Assessment
$198,363
Total Assessment
$391,588
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707 E 47th St
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