Retail Storefront on Cottage Grove Near 85th St.
No longer available
8515 S. Cottage Grove Ave.
Chicago, IL
2,000 SF
Retail Storefront
The Details
- 2,000 SF single tenant storefront
- Storefront leased to a natural foods and vitamin business through 2025
- Current Annual Rent: $28,800 with $100 annual increases
- NOI approximately $21K
- Great opportunity for investor
- Nearby businesses include Walgreens, Walmart, Home Depot, Lowe’s, Dollar Tree and more
- Land Area: 2,250 SF
- Zoning: B3-2
- Part of 87th Cottage Grove TIF
- Taxes: $8,228
A 2,000 square foot retail storefront on busy Cottage Grove Avenue is available for sale. The property is leased to a natural food and vitamin business with a lease that expires in 5 years. The business generates $28,800 per year in rent with $100 annual increases and has a strong NOI with a solid tenant. This property has great potential for an investor. Nearby businesses include national retailers such as Walgreens, Walmart, Home Depot, Lowe’s, Dollar Tree and more.
Chatham is a middle class neighborhood on the south side of Chicago approximately 10 miles from the Loop. The neighborhood is one of the strongest retail areas outside of downtown Chicago.