Karen DeGasperis REALTOR

OFF MARKET Distressed Assets

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Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs. 

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Property TypeRetail
LocationChicago, Illinois
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Title#1 - OFF MARKET - Lender Owned Multi Tenant Shopping Center with Great Upside in Redevelopment/Opportunity Zone in Chicago Suburb
Summary

The subject property is a lender owned 100,100 SF Multi tenant shopping center on 10.64 acres located in a suburb community in Cook County Illinois about 35 miles or 45 minutes South of Chicago. The plaza is located in an Opportunity Zone and is part of brand new development going on in the surrounding neighborhood.

Details

Their is a new tenant ready to come in to lease 20K SF at $10,000 per month for 1 year and then increasing the amount to $20,000 a month in one year. Excellent Upside Future Income Potential

Income and Sales Details

Previously valued at $7,000,000
Current Occupancy 35%
Current Monthly Income $37,636
Current Yearly Income at $451,632

Asking Price$3,900,000.00
Date UpdatedApril 1, 2025