Wilson Magnolia Plaza - Chicago (Uptown)

1244-1254 W Wilson Ave. Chicago, IL 60640

1244-1254 W Wilson Ave., Chicago, IL, 60640
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FOR SALE
Property Type:
Street Retail
Amount:
$1,560,000
Last Verified:
Mar 21, 2024

Highlights

  • PROPERTY HIGHLIGHTS:
  • - Investment Opportunity
  • - Property - 7,711 sf
  • - Building - 6,124 sf
  • - Property Dimensions - 151.35 x 54.7 x 152.55 x 50.55
  • - Building in excellent condition
  • - 6 HVAC Units - New
  • - Spaces - Vanilla Boxed / Built-out
  • TENANTS:
  • Wagnolia Veterinary Clinic
  • Pokeology Sushi
  • Harmony Medical
  • JW Creative Homes

Description

Jameson Commercial Real Estate is pleased to present this investment opportunity located at the NWC of Wilson & Magnolia Ave., in Chicago’s Uptown neighborhood. With a fully leased, well-maintained strip center, this property presents an attractive income-generating opportunity for investors. The tenant mix enhances the overall appeal of the property. Located Two (2) blocks from Wilson Red Line. Within a densely populated neighborhood. Close to shopping on Broadway (Target, Jewel), Entertainment (Aragon, Green Mill), Restaurants & Lake Michigan (Wilson Beach).

Highly visible location at NWC of Wilson & Magnolia Ave. Two (2) blocks from Wilson Station (Red Line). Stop sign located on Wilson in front of the property.


Year Built: 1992
Building Size: 6124sq ft
Lot Size: 0.18 acres


Documents

Sale Marketing Brochure - 1244-1254 Wilson Ave., Chicago (Uptown)

Map of 1244-1254 W Wilson Ave., Chicago, IL, 60640

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.