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707 E 47th St 21,916 SF 100% Leased Retail Building Chicago, IL 60653 For Sale

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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.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Building Size

21,916 SF

Building Class

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)

Retailer
-
$9.99
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At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!