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8201 S Racine Ave
Chicago, IL 60620
 Dollar General · Retail Property For Sale

Retail Buildings Illinois Chicago 8201 S Racine Ave, Chicago, IL 60620

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Investment Highlights

  • Proven Site Performance: Dollar General has been in place since 2014
  • ±1.28 Acres of Land: Oversized parcel providing added development potential
  • New Lease Extension: Brand new 5-year lease extension through June 2031, showing ongoing commitment
  • Asking 8.0% Cap Rate: Compelling pricing backed by a newly extended lease with additional land

Executive Summary

±11,578 Square Feet: Ground floor retail with parking lot occupied by Dollar General along Racine Avenue, a primary north-south arterial

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,578 SF
Building Class
B
Year Built
1955
Price
$2,403,226 CAD
Price Per SF
$207.57 CAD
Cap Rate
7.97%
NOI
$191,553 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
1.35 AC
Zoning
C2-2
Parking
120 Spaces (10.36 Spaces per 1,000 SF Leased)
Frontage
472’ on Racine

Property Taxes

Parcel Numbers
Multiple
  • 20-32-223-009-0000
  • 20-32-223-015-0000
  • 20-32-223-007-0000
  • 20-32-223-016-0000
  • 20-32-223-038-0000
  • 20-32-223-006-0000
  • 20-32-223-010-0000
  • 20-32-223-017-0000
  • 20-32-223-014-0000
  • 20-32-223-037-0000
 Improvements Assessment $128,314 CAD
Land Assessment $174,122 CAD Total Assessment $302,436 CAD

Property Taxes

Parcel Numbers
Multiple
  • 20-32-223-009-0000
  • 20-32-223-015-0000
  • 20-32-223-007-0000
  • 20-32-223-016-0000
  • 20-32-223-038-0000
  • 20-32-223-006-0000
  • 20-32-223-010-0000
  • 20-32-223-017-0000
  • 20-32-223-014-0000
  • 20-32-223-037-0000
Land Assessment
$174,122 CAD
Improvements Assessment
$128,314 CAD
Total Assessment
$302,436 CAD
 

  • Listing ID: 39661912

  • Date on Market: 2026-03-04

  • Last Updated:

  • Address: 8201 S Racine Ave, Chicago, IL 60620

The Gresham Retail Property at 8201 S Racine Ave, Chicago, IL 60620 is currently available. Contact Friedman Real Estate for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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