Two Lots with 1.81 Acres Near Walmart and Lowe’s
The Details
- 1.81 acres for development
- Lot B: 1.13 acres
- Lot E1: 0.68 acres
- Part of retail center anchored by Walmart and Lowe’s
- Potential to develop retail, drive-thru restaurant or office space
- Nearby businesses: Planet Fitness, Chase, Athletico Physical Therapy, Aldi, Home Depot & more
- All part of busy retail complex
- Fully leased building also available
- Traffic Count: 15,400 cars daily
- Zoning: PD 966, 83rd/Stewart TIF
Two development sites with frontage on 83rd St. are available for sale as a portfolio. Both lots are part of the Chatham Market, a large retail complex anchored by Walmart and Lowe’s. Under the current zoning, the lots can potentially be developed as retail, office or drive-thru restaurants. Additional tenants in the Chatham Market complex include Planet Fitness, Athletico Physical Therapy, Boost Mobile, Chase, Aldi, Home Depot and many more. The sites are also available individually. A fully leased building in the center is also available for sale at a 10.7% cap rate.
Located 10 miles south of the Loop, Chatham is a middle class neighborhood on the south side. The neighborhood is one of the strongest retail areas outside of downtown Chicago. Near the Dan Ryan Expressway and with frontage on 83rd St., these outlots are highly visible property in a strong retail complex.
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