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3930-3934 W 24th St
Chicago, IL 60623
Southland Little Village Retail Center · Retail Property For Sale
Investment Highlights
- The property is anchored by Advance Auto Parts (corporate-leased, NYSE: AAP) and DaVita Dialysis (NYSE: DVA), both operating under long-term net lease
- Located in Chicago’s Little Village (South Lawndale) neighborhood, the property sits two blocks from 26th Street.
- A Crown Castle cell tower has operated on the site since 1998 and provides supplemental income with contractual rent increases and renewal options.
- The property is supported by 338,400+ residents within three miles and average household incomes exceeding $81,000, reinforcing long-term demand.
Executive Summary
Horvath & Tremblay is pleased to offer the Advance Auto & DaVita Dialysis Center, a high-yield, multi-tenant net lease retail investment located in the heart of Chicago’s Little Village neighborhood. Offered at $4,395,000 and an 8.03% cap rate, the 14,806 SF property features long-term, corporate-backed leases with Advance Auto Parts and DaVita Dialysis, supplemented by income from a Crown Castle cell tower. The asset is 89.99% occupied and provides meaningful upside through the lease-up of a 1,482 SF vacant suite, while scheduled rent increases across all income streams support organic NOI growth. With assumable fixed-rate debt, recession-resistant tenancy, and a dense urban trade area anchored by one of Chicago’s strongest retail corridors, the property represents an attractive opportunity for investors seeking durable income, yield, and value-add potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,806 SF
Building Class
A
Year Built
2009
Price
$6,008,185 CAD
Price Per SF
$405.79 CAD
Cap Rate
8.03%
NOI
$482,457 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.99 AC
Zoning
C1-1 - Commercial
Parking
25 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 16-26-101-052-0000 | Improvements Assessment | $248,461 CAD |
| Land Assessment | $116,008 CAD | Total Assessment | $364,469 CAD |
Property Taxes
Parcel Number
16-26-101-052-0000
Land Assessment
$116,008 CAD
Improvements Assessment
$248,461 CAD
Total Assessment
$364,469 CAD
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