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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
-
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Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.