Fully Leased Neighborhood Retail at 13% Cap
Now: $579,000
8546-54 S. Stony Island Ave.
Chicago, IL 60617
6,480 SF
Neighborhood Retail Center
The Details
- 6,480 SF retail center
- 1,080 SF salon
- 1,000 SF restaurant
- 2,000 SF chiropractor
- 2,400 SF restaurant - In-place Pro Forma NOI: $75,962
- In-place cap rate: 13.0%
- Large pedestal signage
- Property includes billboard
- Part of strong commercial corridor
- Land Area: 13,483 SF
- Traffic Count: 33,700 cars daily
- Zoning: B3-2
- Part of Stony Island/Burnside TIF
A 6,480 square foot neighborhood retail center is available for sale at the corner of 86th and Stony Island. The center is 100% leased with two new leases signed in 2019. Tenants include two restaurants, a medical office and a hair salon. Currently, the property generates more than $110,000 of rent. Units are individually metered. Highly visible, the center has good frontage on Stony Island plus a large pedestal sign. This center is a great investment opportunity in a strong commercial corridor.
Property Contacts
Property Inquiry
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