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3435-3464 S Halsted St - Bridgeport Plaza Retail Center 18,405 SF Retail Condo Unit Offered at $6,931,504 CAD in Chicago, IL 60608
Investment Highlights
- 100% Occupied 1st Floor Retail | Strong Mix of Established and Newly Added Tenants
- New Leasing Momentum | Bridgeport Footcare Signed a 4-Year Lease Commencing 12/1/2025
- 36,224 People Live within a Mile Radius of the Subject Property and 131,845 People Live within a Two-Mile Radius
- Wings & Rings has more than 13 Years of Term Remaining
- Signalized Hard-Corner Intersection | Near I-90 & I-55 with Convenient CTA and Metra Access
- 0.6 Miles from Rate Field, Home of the Chicago White Sox, which Attracts 2.2 Million Annual Visitors (Placer.ai)
Data Room Click Here to Access
1 Unit Available
Unit Retail
| Unit Size | 18,405 SF | Sale Type | Investment |
| Price | $6,931,504 CAD | Cap Rate | 8.00% |
| Price Per SF | $376.61 CAD | NOI | $554,204.34 CAD |
| Condo Use | Retail |
| Unit Size | 18,405 SF |
| Price | $6,931,504 CAD |
| Price Per SF | $376.61 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| NOI | $554,204.34 CAD |
Description
100% Occupied 1st Floor Retail
Sale Notes
This 100% occupied first-floor retail center features a strong mix of established and newly added tenants, all secured under long term net leases. Verve Credit Union and Wings & Rings have been in place since 2008, while recent leases with Solo Eye Care & Eyewear Gallery, Manning Silverman & Company, and Bridgeport Footcare highlight continued leasing momentum. The property
occupies a full block, with nearly 300ft of frontage along S Halsted Street which sees 12,100 vehicles per day. The property benefits from direct access to CTA, Metra, and Interstates 90 and 55. It is strategically positioned near major demand drivers, including Rate Field (Chicago White Sox Stadium) and Illinois Institute of Technology, as well as a diverse mix of national and local retailers.
The dense, affluent trade area boasts more than 131,000 residents within two miles and average household income exceeding $121,000 within a half-mile radius.
Property Facts
| Total Building Size | 108,993 SF | Typical Floor Size | 26,546 SF |
| Property Type | Multifamily (Condo) | Year Built | 1980 |
| Property Subtype | Apartment | Lot Size | 0.93 AC |
| Building Class | B | Parking Ratio | 1.08/1,000 SF |
| Floors | 5 | ||
| Zoning | Commercial - Commercial Zoning | ||
| Total Building Size | 108,993 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 26,546 SF |
| Year Built | 1980 |
| Lot Size | 0.93 AC |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | Commercial - Commercial Zoning |
Amenities
Site Amenities
- 24 Hour Access
- On-Site Retail
- Package Service
- Storage Space
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+2 | 57 | - | - |
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3435-3464 S Halsted St - Bridgeport Plaza Retail Center
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