Listed by Millennium Properties R/E
$1,200,000
Mixed-Use With Long-Term Family Dollar Lease
Details
Property Type Retail, Mixed Use
Sub Type Storefront, Shopping Center
Square Footage 21,225
NOI $105,597
Tenancy Multi
Brand/Tenant Family Dollar, X Cell Communications
Year Built 1898
Buildings 1
Stories 2
Lot Size (SqFt) 16,950
Investment Type Value Add
9101 S. Commercial Avenue, Chicago, IL 60617
Marketing description
At the busy corner of Commercial Ave. and 91st St., this mixed use building is at the heart of the commercial district of South Chicago. The building features 135 feet of frontage on Commercial and 125 feet on 91st St.
Family Dollar anchors the building, leasing 8,500 square feet of space under a long-term lease. Three local retailers - X Cell Communications, Diamond Nails and Davis Shoes - lease the remainder of the retail space in the building and have been tenants for a number of years. The building also features a 90 foot mural painted by the South Chicago Art Center in 2007 on the 91st St. frontage.
Investment highlights
- On prime retail corner in South Chicago neighborhood
- Building Area: 21,225 SF
- Lot Area: 16,950 SF
- Two story building | 1st floor retail space fully leased | 2nd floor available for rent
- Originally built 1898
- Small parking lot behind building
- Basement storage
- Individually metered utilities
- Taxes (2013): $33,206, under appeal
Listing Contacts
Listed by Millennium Properties R/E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,597.00
$8,799.75/mo
Valuation Metrics
0
DSCR
8.8%
Cap Rate
8.8%
ROI
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