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707 E 47th St 21,916 SF 100% Leased Retail Building Chicago, IL 60653 For Sale

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INVESTMENT HIGHLIGHTS

Opportunity Zone - Eligible for preferential tax treatment
Stable tenants in prime location

Strong Demographics - 47,000+ residents within one mile
Assumable debt available @4.3%

EXECUTIVE SUMMARY

A nearly 22,000 square foot office/retail center located in Chicago, IL is available for sale. Assumable debt is available at 4.3% with over 4 years remaining on the term. This fully leased retail center is anchored by Dollar Tree (BBB Investment Grade Rating) and a healthcare tenant with 19 locations in Illinois. The property is ideally located one mile away from the University of Chicago campus in the high growth neighborhood of Bronzeville. Look around and see development on almost every corner.
**Key Features**:
- **Strategic Location**: Just west of the full interchange at 47th and Lake Shore Drive, with high traffic exposure.
- **Opportunity Zone**: Eligible for preferential tax treatment.
- **Strong Demographics**: 47,000+ residents within one mile.
- **Parking**: 42 spaces on-site.
- **Public Transit**: Half a mile from CTA Green Line 47th Street Station (373,918 annual entries).
With stable tenants and a prime location, this property offers a solid investment in a growing area. . Contact us today for more details.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Building Size

21,916 SF

Building Class

Year Built/Renovated

1991/2017

NOI

$446,595 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.51

Lot Size

0.99 AC

Opportunity Zone

Yes

Zoning

B1-1 - Neighborhood Shopping District

Parking

42 Spaces (1.92 Spaces per 1,000 SF Leased)

Retailer
-
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Dollar Tree is a U.S.-based discount variety retailer headquartered in Chesapeake, Virginia. The company traces its origins to 1953, with its modern Dollar Tree format established in 1986 under the name Only $1.00. It adopted the Dollar Tree name in 1991 and has since expanded across the United States and Canada. Dollar Tree operates retail stores that sell a broad assortment of consumable goods, household products, seasonal merchandise, party supplies, and basic grocery items at fixed or limited price points. The company became publicly traded in 1995 and is listed on the NASDAQ under the ticker symbol DLTR. Over time, Dollar Tree has pursued growth through store expansion and strategic acquisitions, establishing itself as a major value-oriented retailer within the consumer defensive sector. The company reports financial results through public filings and maintains centralized oversight of real estate strategy, store development, and lease administration through its corporate offices.