Little Village Plaza | Chicago, IL
For Sale
Little Village Plaza | Chicago, IL
Asking Price: $18,000,000
| Cap Rate: 7.35%
- Net Operating Income: $1,324,458
- Weighted Avg. Lease Term (WALT): 3.8 Years
- Lease Type: Modified Gross
Property Highlights
- 30-Year historical occupancy of 100%
- One of the last remaining large tracts of developable land in the area. Current zoning C1-2 allows for mixed-use with a FAR of 2.2 allowing for 572,682 SF of development
- High barrier to entry in dense urban area with over 53,000 people within a 1-mile radius
- Excellent visibility from 26th Street, seeing over 17,400 VPD
