3850 S Indiana Avenue Chicago, IL 60653
Proud to present 3850 S. Indiana Ave., Chicago, IL 60653. The retail property located at 3850 S. Indiana Ave. in the Bronzeville neighborhood of Chicago, Illinois, presents a compelling investment opportunity. With a total GLA of 16, 115 square feet, the property comprises three distinct retail spaces: one at 4, 914 square feet, another at 2, 915 square feet, a third at 2, 886 square feet, and 5, 400 square feet of additional space behind Rothschild Liquors. The property is classified as Class B, offering a balance of quality and affordability. The property is located in an Opportunity zone and Zone 2 of an Enterprise zone. Key Investment Highlights: 1. Prime Location: Situated in the heart of the historic Bronzeville neighborhood in Chicago, this property benefits from a high-traffic area with strong visibility, making it an attractive destination for retailers. 2. Established Anchor Tenant: Rothschild Liquor Store, the anchor tenant, has been a stalwart presence at this location for over two decades. This longevity signifies stability and a proven track record of success. 3. Potential For Diverse Tenant Mix: The property's multiple retail spaces allow for a diversified tenant mix, potentially reducing vacancy risk and enhancing income stability. 4. Upside Potential: With the right management and marketing strategies, there is potential for increasing rental rates, optimizing tenant mix, and adding value to the property. 5. Strong Historical Performance: Historical data may indicate consistent income generation and positive cash flow, providing confidence in the property's investment potential. 6. Bronzeville Revitalization: As Bronzeville experiences ongoing revitalization and economic growth, this property is well-positioned to benefit from increased foot traffic and demand for retail space. 7. Proximity to Amenities: The property's location offers easy access to public transportation, major roadways, and a range of amenities, enhancing its appeal to both tenants and customers.
|2 months ago||Listing updated with changes from the MLS|
|2 months ago||Listing first seen online|