633 S Plymouth Ct, Chicago, IL, 60605

633 S Plymouth Ct Chicago, IL 60605

633 S Plymouth Ct, Chicago, IL, 60605
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FOR SALE
Property Type:
Street Retail
Amount:
$900,000
Last Verified:
Nov 08, 2024

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Description

Jameson Commercial is pleased to present 633 S. Plymouth in Chicago, an excellent opportunity for armchair investors seeking a property with stable income and future upside. This well-located asset features three long-term tenants, each with leases expiring within the next two years, allowing for potential rent adjustments to current market rates. Investors can benefit from strong cash flow while implementing property updates, while users can also consider occupying the space, offsetting costs with rental income. Whether as a passive investment or an owner-occupied building, 633 S. Plymouth offers versatile income potential in a prime Chicago location.

Discover the vibrant neighborhood surrounding the property at 633 S Plymouth Ct, Chicago, IL, 60605. Located in the heart of Chicago's dynamic South Loop district, this area is a haven for commercial real estate investors. With easy access to major transportation arteries and close proximity to renowned institutions such as the Art Institute of Chicago and Columbia College, this coveted location offers a lively mix of business and culture. Nearby landmarks include Grant Park, the Museum Campus, and the bustling dining and entertainment scene of Printer's Row. Boasting an abundance of amenities, this prime locale promises an enticing blend of urban convenience and entrepreneurial opportunity.


Year Built: 2022
Building Size: 9941sq ft
Lot Size: 0.23 acres


Documents

JCOMM_MP_633Plymouth_Public.pdf

Map of 633 S Plymouth Ct, Chicago, IL, 60605

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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.