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4650 S Indiana Ave

11,000 SF 85% Leased Retail Building Chicago, IL 60653 $1,800,000 ($164/SF) 7.69% Cap Rate

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Investment Highlights

Parking lot
Newly remodeled

Large Bright Windows
Private office space

Executive Summary

Investment Value add or Owner User. Two tenants in place.

4650SIndianaAve_Nilson[2]

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront

Building Size

11,000 SF

Building Class

Year Built

1948

Price

$1,800,000

Price Per SF

$164

Cap Rate

7.69%

NOI

$138,345

Percent Leased

85%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.54

Land Acres

0.47 AC

Zoning

B3-3 - Shopping centers, large stores, and retail storefronts, often along major streets. Allows more types of businesses than B1 and B2 districts. Apartment

Parking

31 Spaces (2.82 Spaces per 1,000 SF Leased)

Frontage

147 FT on South Indiana Avenue