Property Listing No Longer Available for Sale

2400 West Cermak Road, Chicago, IL

Shopping Center for Sale - $1,400,000 - 6,500 Sq. Ft. on 0.15 acres


Property Info

CIMLS#133517
Location
  2400 West Cermak Road
  Chicago IL 60608
UpdatedJune 24th, 2011
TypeShopping Center
Price$1,400,000
Building6,500 Sq. Ft.
Land0.15 acres

Property Description

Marcus & Millichap is pleased to present this fully leased Little Village Strip Center, a retail opportunity located in Chicago, Illinois. The property is a well-maintained strip center located in downtown Chicago's Little Village neighborhood. The location is about a five-minute drive to the Chicago Loop Central Business District.

The property has excellent access to the CTA trains, along with bus stops on both sides of the street, which give the center steady foot traffic. Along with the public transit options, Cermak Road and Western Avenues combined have a traffic count of 45,000-plus per day.

The corner is a destination shopping area for the Little Village residents and it has a diverse range of businesses that serve the community from supermarkets, storage facilities, medical offices, restaurants/fast food, banks and convenience stores.

Location Description:

Located in downtown Chicago's Little Village neighborhood. The location is about a five minute drive to the Chicago Loop Central Business District. The property has excellent access to the CTA trains, along with bus stops on both sides of the street, which give the center steady foot traffic. Along with the public transit options, Cermak Road and Western Avenues combined have a traffic count of 45,000--plus per day.

The corner is a destination shopping area for the Little Village residents and it has a diverse range of businesses that serve the community from supermarkets, storage facilities, medical offices, restaurants/fast food, banks and convenience stores.

Highlights:

>> 100 Percent Leased Strip Center With Diverse Mix Of Tenants

>> Excellent Visibility From Cermak and Western- Two Major Arteries

>> Corner Location At Western and Cermak Intersection

>> Two Blocks Away From CTA Pink Line to Downtown

>> Diverse Mix Of Businesses Occupy The Center

>> Many Major Retailers Adjacent To This Destination Retail Corridor

>> Traffic Counts of 45,500 Views-Per-Day At Intersection

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Financials

Sales Info:

>> Cap rate: 8.54%

>> Commision split: 2.5%

>> NOI: $119507.0