3850 S Indiana Avenue
Chicago,
IL
60653
Property Details
List Price: |
$2,350,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
16115 |
Agency: |
Keller Williams Chicago ONEChicago |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1989 |
Notes: |
Proud to present 3850 S. Indiana Ave., Chicago, IL 60653. The retail property located at 3850 S. Indiana Ave. in the Bronzeville neighborhood of Chicago, Illinois, presents a compelling investment opportunity. With a total GLA of 16,115 square feet, the property comprises three distinct retail spaces: one at 4,914 square feet, another at 2,915 square feet, a third at 2,886 square feet, and 5,400 square feet of additional space behind Rothschild Liquors. The property is classified as Class B, offering a balance of quality and affordability. The property is located in an Opportunity zone and Zone 2 of an Enterprise zone. Key Investment Highlights: 1. Prime Location: Situated in the heart of the historic Bronzeville neighborhood in Chicago, this property benefits from a high-traffic area with strong visibility, making it an attractive destination for retailers. 2. Established Anchor Tenant: Rothschild Liquor Store, the anchor tenant, has been a stalwart presence at this location for over two decades. This longevity signifies stability and a proven track record of success. 3. Potential For Diverse Tenant Mix: The property's multiple retail spaces allow for a diversified tenant mix, potentially reducing vacancy risk and enhancing income stability. 4. Upside Potential: With the right management and marketing strategies, there is potential for increasing rental rates, optimizing tenant mix, and adding value to the property. 5. Strong Historical Performance: Historical data may indicate consistent income generation and positive cash flow, providing confidence in the property's investment potential. 6. Bronzeville Revitalization: As Bronzeville experiences ongoing revitalization and economic growth, this property is well-positioned to benefit from increased foot traffic and demand for retail space. 7. Proximity to Amenities: The property's location offers easy access to public transportation, major roadways, and a range of amenities, enhancing its appeal to both tenants and customers. |
MlsNumber: |
11893929 |
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Listing Provided By: |
Keller Williams Chicago ONEChicago, original listing |
Name: |
Keller Williams Chicago ONEChicago |
Phone: |
(312) 216-2422 |
Office Name: |
Keller Williams ONEChicago |
Office Phone: |
(312) 216-2422 |
Agent Name: |
Anthony Hardy |
Disclaimer: |
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