Subscribe to Intelligence
View property history data!
Access historical property and tax details including tax amounts, land value, and more to inform your next opportunity.
Walgreens (Dark) Highest Cap Rate Walgreens
Owner Welcomes All Offers.
Listing Contacts
License: ID DB56781, TX 9006819, CA 639274
Active
Asking Price: $4,200,000
Address
833 W 115th St, Chicago, IL 60643
Show on MapDate Added
May 13, 2024
Days on Market
316 days
Time Since Last Update
57 days
Details
Property TypeRetail
SubtypePharmacy/Drug
Lease TypeAbsolute NNN
Tenant CreditCredit Rated
TenancySingle
Brand/TenantWalgreens
Lease Commencement05/01/2006
Lease Expiration05/31/2031
Remaining Term7 years
Square Footage14,820
Net Rentable (sq ft)14,820
Price/Sq Ft$283.40
Cap Rate10.80%
NOI$420,000
Lot Size (acres)1.26
OwnershipFee title
Marketing Description
Walgreens (recently vacated) offers almost $3M in guaranteed income with 7 years remaining. Site is located 15 miles from downtown Chicago and across the street from the proposed 12 acre mixed-use project “Morgan Hose Commons’. Excellent opportunity to park your funds in a high yield property.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$420,000.00
$35,000.00/mo
Valuation Metrics
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
0
DSCR
10%
Cap Rate
10%
ROI
Property History
| Date | Event | Document | Price | Price/SF | Sold By | Sold To | ||
|---|---|---|---|---|---|---|---|---|
 | | | | | ||||
| | | | | ||||
| | | | | ||||
| | | | | ||||
| | | | | ||||
Due Diligence
Listing Contacts
- License: ID DB56781, TX 9006819, CA 639274
Similar Properties for Sale
$4,800,000
Halsted Plaza Shopping Center
Retail • 10.42% CAP • 61,800 SF
801 W 119th St Chicago, IL 60643
Opportunity Zone
$249,000
318-20 W 115TH ST
318-20 W 115TH ST CHICAGO IL FOR SALE
318 W 115th St Chicago, IL 60628
$449,900
10855 S Halsted St
Retail • 2,700 SF
10855 S Halsted St Chicago, IL 60628
Opportunity Zone
$865,000
28 E 112th PL
Retail
28 E 112th Pl Chicago, IL 60628
Opportunity Zone
$50,000
Redevelopment Opportunity Calumet Park
Redevelopment Opportunity
1206 W 127th St Calumet Park, IL 60827
$199,900
12735 S Halsted St Chicago, IL 60628
Retail • 3,150 SF I For Sale or Lease I Corner I Large Parking Lot
12735 S Halsted St Chicago, IL 60628
Opportunity Zone
$550,000
1250-54 W 127th St
Retail • 7.59% CAP • 7,035 SF
1250-54 W 127th St Calumet Park, IL 60827
$1,450,000
1441 – 1455 W 103rd St
Mixed Use • 8.01% CAP • VALUE ADD
1455 W 103rd St Chicago, IL 60643
Dorazio Real Estate
$475,000
10270 S Charles St
High Traffic 11.73 CAP Retail in East Beverly
10270 S Charles St Chicago, IL 60643
Dorazio Real Estate
Opportunity Zone
Unpriced
Chicagoland Retail Portfolio at High Cap Rates
Retail
3 LOCATIONS
virtual tour
$3,945,000
Stabilized Western Medical Office Portfolio
Income-Producing Medical Portfolio • Strategic Chicago Location
4 LOCATIONS
See more properties for sale in Chicago
Broker Information
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .