Property Description

This 6 unit retail strip center is located in the thriving Norwood Park neighborhood in Chicago, Illinois. The Property is currently operating at a strong occupancy with annual income consistently coming above $125,000 the past 3 years. There is a clear identifiable path to stabilization through a full lease-up, potential conversion to NNN leases, and mark-to-market rent growth. The investment profile is best characterized as a value-add retail opportunity, targeting investors seeking meaningful NOI growth & high-teen leveraged return potential with a few strategic moves. Based on current operations and forward-looking underwriting, the Property offers a compelling repositioning opportunity, though near-term execution risk and leasing assumptions remain critical to achieving projected returns. The property is located in walking distance from downtown Norwood Park and the respective blue line stop and minutes away from I-90 and O'hare Airport.

Property Features