Kenwood Plaza | 1311 E 87th St
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Kenwood Plaza 1311 E 87th St
7,200 SF 100% Leased Retail Building Chicago, IL 60619 $2,025,100 CAD ($281 CAD/SF) 7.48% Cap Rate
INVESTMENT HIGHLIGHTS
- - Fully occupied 7,200 SF building
- - Prime location in the vibrant Chicago area
- - Exceptional investment opportunity for retail/strip center investor
- - Zoned B3-1 for versatile commercial use
- - Densely populated area ensures high foot traffic
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in Chicago, IL - a fully occupied 7,200 SF retail/strip center built in 2008. Zoned B3-1, this property boasts 100% occupancy, presenting a stable and lucrative income stream. Strategically located in a high-traffic zone, this property offers an exceptional chance for retail/strip center investors to capitalize on a well-maintained, income-producing asset in a thriving market.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$234,680
|
$32.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$234,680
|
$32.99
|
| Taxes |
$65,317
|
$9.18
|
| Operating Expenses |
$17,822
|
$2.51
|
| Total Expenses |
$83,139
|
$11.69
|
| Net Operating Income |
$151,541
|
$21.30
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $234,680 |
| Annual Per SF | $32.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $234,680 |
| Annual Per SF | $32.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $65,317 |
| Annual Per SF | $9.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,822 |
| Annual Per SF | $2.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $83,139 |
| Annual Per SF | $11.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $151,541 |
| Annual Per SF | $21.30 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,200 SF
Building Class
A
Year Built
2008
Price
$2,025,100 CAD
Price Per SF
$281 CAD
Cap Rate
7.48%
NOI
$151,477 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.45 AC
Parking
28 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
151 ft on E 87th St
AMENITIES
- Corner Lot
- Pylon Sign
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $47,838 CAD | |
| Land Assessment | $23,527 CAD | Annual Taxes | $65,317 CAD ($9.07 CAD/SF) |
| Improvements Assessment | $24,311 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,527 CAD
Improvements Assessment
$24,311 CAD
Total Assessment
$47,838 CAD
Annual Taxes
$65,317 CAD ($9.07 CAD/SF)
Tax Year
2024
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Kenwood Plaza | 1311 E 87th St
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