Chicago TREND, a social enterprise focused on strategic retail development, is set to purchase the Roseland Medical and Retail Center. The center, located at 100-134 W.111th Street in Chicago’s Roseland Community Medical District, is owned by DL3 Realty Advisors LLC.
The acquisition of the 27,000-square-foot center is expected to cost $6 million and Chicago TREND has launched an online crowdfunding campaign for potential investors. According to a report from the Chicago Business Journal , this initiative aims to attract small investors from the local community who are interested in contributing towards its development.
CEO Lyneir Richardson stated that their goal with this crowdfunding effort is to actively involve residents of Roseland in their neighborhood’s economic growth. The strip mall currently houses Cermak Immediate Care and Chicago Family Health Center as anchor tenants and enjoys full occupancy.
Situated across from Roseland Community Hospital, this prime location makes it an attractive investment opportunity for both large-scale developers as well as individual investors looking for long-term returns on their investments.
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