Property Listing No Longer Available for Sale

3201-3211 W. 111th Street, Chicago, IL

Retail for Sale - $410,000 - 8,400 Sq. Ft. on 11200 acres


Property Info

CIMLS#541316
Location
  3201-3211 W. 111th Street
  Chicago IL 60655
UpdatedMarch 28th, 2013
TypeRetail
Price$410,000
Building8,400 Sq. Ft.
Land11200 acres

Property Description

Money Maker at 13% cap rate. Previously, ownership required the building be demolished and a new structure be built as part of non-for-profit mandate. Today you can purchase and hold as cash flow machine, or hold until redevelopment is ripe.

Location Description:

Located on the southwest corner at the signalized intersection of Kedzie Ave & 111th Street, this property is directly south of a new Walgreen's development (includes DunkinDonuts). The intersections is at the center of Chicago's Mt. Greenwood neighborhood's business district. Located about 13 miles southwest of the loop this neighborhood boarders Chicago's Beverly Hills Neighborhood to the east, the Village of Oak Lawn to the west, Village of Evergreen Park to the north and Merrionette Park to the south.

Highlights:

>> Nearly 50% Cash on Cash Return Possible

>> Great Corner Property for Redevelopment

>> Motivated Seller

>> Don't Overlook This Opportunity

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Financials

Sales Info:

>> Cap rate: 13.0%

>> Commision split: 50.0%

>> NOI: $52500



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