707 E 47th St 21,916 SF 100% Leased Office Building Chicago, IL 60653 For Sale

INVESTMENT HIGHLIGHTS

  • Opportunity Zone - Eligible for preferential tax treatment
  • Stable tenants in prime location
  • Strong Demographics - 47,000+ residents within one mile
  • Assumable debt available @4.3%

EXECUTIVE SUMMARY

A nearly 22,000 square foot office/retail center located in Chicago, IL is available for sale. Assumable debt is available at 4.3% with over 4 years remaining on the term. This fully leased retail center is anchored by Dollar Tree (BBB Investment Grade Rating) and a healthcare tenant with 19 locations in Illinois. The property is ideally located one mile away from the University of Chicago campus in the high growth neighborhood of Bronzeville. Look around and see development on almost every corner.
**Key Features**:
- **Strategic Location**: Just west of the full interchange at 47th and Lake Shore Drive, with high traffic exposure.
- **Opportunity Zone**: Eligible for preferential tax treatment.
- **Strong Demographics**: 47,000+ residents within one mile.
- **Parking**: 42 spaces on-site.
- **Public Transit**: Half a mile from CTA Green Line 47th Street Station (373,918 annual entries).
With stable tenants and a prime location, this property offers a solid investment in a growing area. . Contact us today for more details.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
21,916 SF
Building Class
B
Year Built/Renovated
1991/2017
NOI
$321,294
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
21,916 SF
Building FAR
0.51
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
B1-1 - Neighborhood Shopping District
Parking
42 Spaces (1.92 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - $9.99 Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (74)

PROPERTY TAXES

  • Listing ID: 34724371

  • Date on Market: 2/5/2025

  • Last Updated:

  • Address: 707 E 47th St, Chicago, IL 60653