$5,500,000
$5,750,000
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36,864 SqFt
SOLD DATE : 12/22/2021
Key Details
Sold Price $5,500,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 36,864 sqft
Price per Sqft $149
MLS Listing ID 10446288
Sold Date 12/22/21
Year Built 2007
Annual Tax Amount $303,983
Tax Year 2019
Lot Dimensions 554'X137'X246'X128'X208'X265'
Property Description
Highly Visible Multi-tenant retail center built in 2007. This 36,864 square foot Retail Strip Center is shadow anchored by Food-4-Less Grocery Store to the South and Food-4-Less Gas Station to the East (shadow anchors not included in sale). The Englewood Plaza Retail Center is currently 71% Leased by a strong group of national retailers including Chase Bank, Rent-A-Center, Foot Locker, Liberty Tax and Subway, among others. Located at the corner of a signalized intersection, the center maintains visibility to over 22,000 Vehicles Per Day. The offering includes a Bank of America Ground Lease with existing Term through 6/30/2026. Excellent investment opportunity to purchase a cash flowing property while maintaining the ability to add value through Leasing 4 vacant units. Current N.O.I. is approximately $446,000.
Location
State IL
County Cook
Area Chi - West Englewood
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 1
Structure Type Brick
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Bought with Steven Maher • Kinzie Brokerage LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "