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The subject property is a ground lease leased to Chase Bank. Chase Bank executed a 20 year ground lease in 2013. The base rent escalates 10% every five years. The property is part of Diversey Shopping Center, which includes an Aldi grocery store, a McDonald's and a development parcel which is approved for approximately 10,000 GLA of additional GLA. The property is located directly across the Street from one of the few super Walmart's in the City of Chicago.
Franchisee operates 22 KFC restaurants in the Chicago Market and is currently one of the largest multi-unit franchise restaurant operators with over 200 locations. KFC has been serving customers complete, freshly prepared, family meals since Colonel Harland Sanders founded the concept in 1952. The KFC system serves more than 12 million customers each day in more than 115 countries and territories around the world. KFC operates more than 17,000 restaurants in the Unites States and internationally.
Priced well below replacement value, this is a value add play in a vibrant south side neighborhood. Significant upside is achievable when vacant space is leased up. The vacancy is a former CHASE branch so is well appointed. A surface parking lot for 45 cars services the center as does pylon signage on Halsted St. An over 14% CAP rate is achievable after stabilization.
Amazing retail office condo in the heart of the loop! Massive windows lining the entire west wall and in the front of the space. Currently built-out with 1 large conference room, once executive window-lined office, 3 interior private offices, kitchenette, 2 restrooms, and open space. Perfect for a variety of retail uses!
Approximately 5,000 SF, 3 story mixed use building. First floor retail, currently Tiberia Baptist Church. 2nd and 3rd floor apartments. Located in North Lawndale neighborhood. 2.5 miles from the Illinois Medical District and .5 miles from the Eisenhower Expressway (I-290).
Two fabulous commercial condos, 1,073 SF and 1,357 SF for a total of 2,430 SF/ Great investment property, fully-leased building with annual rental income. This is a great opportunity for an investor to own this low maintenance, prime retail space. Ample street parking and high-traffic location.
NEW LOCATION MR SUBMARINE FRANCHISE AVAILABLE WILL BE READY BY 4/1/2015 ALL EQUIPMENT INCLUDED READY TO OPEN
NEWER SPACIOUS RETAIL BUILDING LOCATED IN THE BUCKTOWN-LOGAN SQUARE AREA! APPROXIMATELY 3000 SQUARE FEET! ZONED HEATING AND AIR CONDITIONING! EXISTING BUSINESS WOULD BE WILLING TO REMAIN OR RELOCATE! ALL BRICK CONSTRUCTION! ALL MAJOR COMPONENTS IN GOOD CONDITION! R CALL LISTING AGENT FOR MORE DETAILS!
Fully leased commercial building makes this the perfect armchair investment. Two solid tenants and high traffic location on busy Belmont Ave. with 12,000 square feet of rentable space and 15' wide side drive. Entire building has been remodeled with past 4 years, sit back and collect rent. Drive by but please do not disturb tenants. Note: Owner is IL licensed broker.
Five Fully Leased Commercial Stores and 8 Car parking lot on busy corner near Metra, CTA and new Mariano's. Current leases can be vacated or kept on. All stores have sep HVAC, electric and access. Brand new street scape in progress. Dentist lease for 3 years, the rest are MTM. All tenants current. Expenses to owner are taxes ($28k but should be closer to $18k after protest), 80% water/sewer ($2200 annually), insurance and maintenance of common grounds. Lot is approx. 40' X 165'.