Freestanding Retail Strip Center for Sale

Located in the Park Manor area of the Greater Grand Crossing community - 9 miles south of the Loop. Greater Grand Crossing is a middle-market neighborhood in Chicago. Its solid housing stock, easy access to transportation and strong community assets offers sustained value to its residents. Easy access to the Edens Expressway and The Skyway. Nearby intersection has 25,000+ VPD. Zoned B3-1 – Community Shopping District with a FAR of 1.2. Located in the 67th/Wentworth TIF District. The district is intended to foster new residential, commercial, and mixed-use development investment opportunities. Exceptional transportation options, including easy access to CTA, Metra, I-94 and the Skyway- Fully leased, cash-flowing strip center producing an 11% cap rate - Three-unit, 4,800 SF freestanding commercial building - Longtime tenants: laundromat, nail salon, and beauty supply - Tenants pay all utilities - 148 ft of frontage on 71st Street - Prime corner location with excellent visibility - Situated in the Park Manor area of the Greater Grand Crossing community - Approximately 9 miles south of the Loop - Middle-market neighborhood w/solid housing stock and strong community assets - Easy access to CTA, Metra, I-94, the Edens Expressway, and the Skyway - Nearby intersection sees 25,000+ VPD - Close to South Shore Cultural Center, University of Chicago, and future Barack Obama Presidential Center - Zoned B3-1 – Community Shopping District Located in the 67th/Wentworth TIF District (supports new residential, commercial & mixed-use development). Additional incentive options may include the Neighborhood Opportunity Fund and R3 Grant. Strong presence of local businesses and medical facilities. Employment opportunities within the neighborhood.