Net Leased 6,950 SF Retail Storefront at 13.1% Cap
Now: $160,000
9012 S. Commercial Ave.
Chicago, IL 60617
6,950 SF
Commercial Storefront
The Details
- 6,950 SF retail storefront
- Net leased to beauty school
- New 5 year lease signed in 2018 with 5 year renewal option
- Landlord responsible for insurance
- Current Annual Rent: $24,000
- Est. 2018 NOI: $21,000
- Good window line on Commercial
- Hanging sign increases visibility
- Nearby retailers include Family Dollar, Rainbow, City Sports
- Land Area: 6,950 SF
- Zoning: B1-2
- Part of Commercial Ave TIF
A net leased 6,950 square foot retail storefront on Commercial Ave. is available for sale. Near 91st St., the building is leased to a beauty school under a new five year lease. The building generates $24,000 per year in rents, with the landlord only responsible for the insurance. The building has a long window line on Commercial plus a hanging sign to increase visibility. Nearby businesses include local and national retailers such as Family Dollar, Rainbow and City Sports.
Near the Chicago Skyway and a South Shore Metra stop, this property is located within a prime retail corridor in the South Chicago neighborhood, surrounded by both commercial and residential properties.