222 E 61st St Retail Property

The Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago are pleased to present the retail property at 222 E. 61st St.. This asset represents a compelling investment opportunity in a vibrant community. Discover this exceptional commercial property located in a coveted B3-2 zoning district, currently operating as a Day Care Center and After-SCHOOL facility. This property offers a blend of modern amenities and strategic location, making it a highly attractive investment opportunity.

Key Features

• Zoning: B3-2

• Current Use: Day Care Center and After-SCHOOL Facility

• Tenant Lease: The day care tenant signed a 3-year lease in March of 2023 at $10,000 annually.

• Facilities: Newly remodeled day care center on the first floor and a second floor utilized for after-school programs.

• Accessibility: Conveniently located near the Green Line and Dan Ryan Expressway, providing excellent transportation options.

• Nearby Developments: Proximity to the future Obama Presidential Library, adding to the potential growth and value appreciation.

• Maintenance: The property is meticulously maintained, ensuring a hassle-free investment experience.

• Neighborhood: Situated in a revitalizing neighborhood, enhancing the long-term investment prospects.

Investment Potential

This commercial property presents a compelling investment opportunity with multiple attractive features:

• Stable Income: The day care tenant's 3-year lease guarantees a steady annual income of $10,000.

• Strategic Location: The property's proximity to major transportation routes and the future Obama Presidential Library enhances its desirability and potential for appreciation.

• Modern Facilities: Recent renovations and dedicated spaces for day care and after-school programs increase the property's usability and attractiveness to tenants.

• Revitalizing Neighborhood: Located in an area undergoing revitalization, the property is positioned for long-term growth and increased value.

Financial Highlights

• Annual Lease Income: $10,000

• Lease Term: 3 years (started March 2023)

• Purchase Price: $800,000

• Seller Financing: Available with a minimum 30% down payment of the purchase price at a 7.00% interest rate.

• Zoning District: B3-2

Seller Financing Details

• Minimum Down Payment: 30% of the Purchase Price

• Interest Rate: 7.00%

• Amortization: 360 Months

• Interest Only Period: 2 Years

• Balloon Due In: 5 Years

This commercial property, sold as-is, offers a unique blend of modern amenities, stable income, and strategic location. With the added benefit of being situated near significant future developments, it stands as a promising investment opportunity in a revitalizing neighborhood. The availability of seller financing with a competitive interest rate further enhances its appeal. Don't miss out on this chance to invest in a property with substantial growth potential and immediate income generation.