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101-115 E 51st St Chicago, IL 60615
Chicago, IL Washington Park

$1,150,000 USD

General Retail For Sale  •  7,833 SF

2 Properties View all

Property Details

  • Property Type General Retail
70 Transit Score
70 Walk Score

Highlights

Stable Income with Upside: $185K PGI with upside to $213K via lease-up of one vacancy, offering immediate NOI growth potential.
Prime Corner Location: Signalized 51st & Michigan Ave corner with ~12,548 VPD and 165 FT frontage for strong visibility. Long-Term Tenant Stability
Long-Term Tenant Stability: Tenants in place since 2006 with leases through 2030, minimizing turnover and vacancy risk.
Restaurant-Ready Spaces: Multiple units with Type I hoods and kitchens, ideal for QSR and food-based tenants.
Transit & Institutional Access: Near CTA Green Line and major anchors like University of Chicago and Obama Presidential Center.
High-Growth Corridor: Located in a redeveloping South Side corridor with strong demographics and investment momentum.

Public Transportation

Commuter RailDriveWalkDistance
53Rd Street Hyde Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.0 mi
47Th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.1 mi
Transit/SubwayDriveWalkDistance
51St Street Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 4 min 0.2 mi
47Th Street Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 14 min 0.7 mi
Garfield Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 13 min 0.7 mi
47Th Street Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 12 min 19 min 1.0 mi
Garfield Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 6 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 14 min - 7.3 mi
Chicago O'Hare International 37 min - 23.3 mi
Manny Regalado 312-730-2029 KW Commercial Chicago
Manny Regalado 312-730-2029 KW Commercial Chicago