Fully Leased Retail Center on Western at 8.6% Cap Rate

At the hard corner of 61st and Western, a fully leased retail center is available for sale. The 7,600 square foot center is leased to a Goodwill career center, a Subway and a restaurant; all three tenants have at least one 5-year renewal option remaining. The property has strong in-place income and two of the tenants have been in the building for around 10 years. A hanging sign is available to increase the visibility of the property. This property also has a small parking lot behind the building for customers and employees.

Western Ave. is a strong retail corridor with Aldi, Pep Boys, Dunkin’ Dollar Tree and more located nearby. Located on the southwest side of Chicago, the Chicago Lawn neighborhood is a largely residential area with commercial space along major streets such as Western, 63rd St. and 59th St.