Value-Add Opportunity Through Lease-Up, Marking Rents to Market and Billboard Spin-Off
2,221 SF Vacant Corner Unit Represents 9.0% of GLA
Formally occupied by AT&T who is dark paying rent through January 2025
Potential to spin-off the billboard and lower overall basis if separately parceled and/or acquire the western portion of the building that is not owned by current landlord
Well Positioned Along an Active Stretch of Chicago's South Loop
Set on Roosevelt Road between two signalized intersections (Jefferson & Clinton)
Adjacent to Manny's Deli - a Chicago staple, Chick-Fil-A, and the 10th most visited Chipotle location in Illinois
Proximity to I-90
542 W. Roosevelt lies less than 1/4 mile from Interstate 90, providing direct access to and from Chicago's major neighborhoods and suburban markets
Customer Specific Parking On-Site
A surface level parking lot is located at the rear of the asset, a unique and valuable feature for retail in the area
Signage included specifying which parking spaces are assigned to each tenant
...
特性
建築物面積 (淨面積)
2,282 平方米
使用/出租率
91%
停车位数量
28
分区
DS-3
媒體
投資亮點
Address: 542 - 566 W. Roosevelt Road, Chicago, IL 60607