4900 W irving park Road, Chicago, IL 60641

• 11,070 sqft

Property Description

We are pleased to present the opportunity to acquire the Fee-simple interest in 4900-4910 W Irving Park Road, urban infill multi-tenant retail investment prominently located in Chicago's booming Portage Park neighborhood. The 11,070 square foot property is situated upon 14,539 square feet of land with 120 feet of frontage along West Irving Park Road. The one-story building consists of six (6) retail units and one (1) warehouse unit. Two (2) of the five (5) tenants, leases expire in 2025, which provides new ownership the opportunity to lease up the Property at market rents and immediately add value. The Property benefits from the premier commercial corridor dubbed Six Corners, which since the mid-1800s has been a business district and by the mid19th century, it was the largest commercial center outside of downtown Chicago after Sears, Roebuck & Co. opened in 1938 as the anchor. The Property is positioned one block west of the eponymous six-corner intersection of Milwaukee/Cicero/Irving Park. The immediate area has experienced a significant number of new developments, including hundreds of apartment units delivered in the last few years, 346 units planned to be developed, plus retail spaces featuring prominent tenants such as Target and ALDI. Other notable tenants within a few blocks of the Property include Binny's Beverage Depot, Jewel Osco, Culver's, Chipotle, Ross Dress for Less, Marshalls, PetSmart, and Walgreens. Located 8-miles northwest of the Chicago CBD 'Loop', the Portage Park neighborhood is known for its rich history and vibrant community. Home to its namesake park, a popular spot for outdoor activities and community events, the neighborhood boasts a unique architectural style dating back to the early late 19th century. The dense urban neighborhood has over 37,000 residents within a 1-mile radius of the Property and 363,000 within 3 miles.

Listing Status:

Active

Listing Office:

Compass : 847-361-3756

Listing Agent:

Adam Max : 847-361-3756

MLS ID:

12465911

Interior

• A/C: Central Air

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: COMMR13164300210000

Utilities

• Utilities: Other

Financial

• Source: mred

This listing courtesy of Adam Max, Compass