Washington Park-7 Stores (4 Restaurants, 3 stores) High quality Washington Park Retail Center with 4 restaurants & 3 stores. Two blocks from the 51st Street CTA Green Line Station at the intersection of 51st & S Michigan. Excellent visibility corner lot with popular restaurants and good traffic. 9 parking spaces with room for more. 16, 257 square foot lot zoned B3-3, approximately 7, 833 square foot building, built in 2005. Annual PGI of $182, 507 & value-add potential. $2.3 Billion Annual Consumer Spending Ideal post-covid restaurant layouts, primarily take-out with limited dine-in & large kitchens with hoods. Single story building, amply plumbed for additional light food service &/or easily install hoods. 3-mile radius population of 281, 310. Average household income of $60, 288 & annual consumer spending of $2.3 Billion. Average retail rent is $20.64NNN with a vacancy rate of 4.9%.

Listing Courtesy of MRED as distributed by MLS Grid of Twins Realty LLC 773-736-6461



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Data last updated: 2024-05-02 04:30 PM UTC
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