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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 began in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.
| 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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