542-566 W Roosevelt Rd | Chicago, IL 60607
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- LoopNet Team
542-566 W Roosevelt Rd
Chicago, IL 60607
Assumable 3.889% Loan | Generational Retail · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Stabilized rent roll with under market rents
- 7.98% Total Return in Year One
- Roosevelt Road address with over 40,000 VPD | Parcel includes parking lot in rear
- Ability to assume the Seller's existing mortgage at an interest rate of 3.889%, fixed for 8 more years
- Clear Channel “Bulletin” Billboard included
- Over $1M in recent capital improvements including new roof & façade
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
24,558 SF
Building Class
C
Year Built
1964
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Lot Size
0.73 AC
Zoning
DS-3 - Downtown Service District
Parking
28 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $382,568 | |
| Land Assessment | $361,420 | Total Assessment | $743,988 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$361,420
Improvements Assessment
$382,568
Total Assessment
$743,988
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