# 1116 N Chicago, Portales, NM 88130

> **TL;DR:** commercial, $850,000, built 2022. Est. $4,546/mo. Listed 580 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $850,000 |
| Year Built | 2022 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 580 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,298 |
| Estimated Insurance | $248 |
| **Total** | **$4,546** |

## Property Highlights

- Built in 2022

## Description

### Agent Description
Excellent opportunity for someone looking for 1031 exchange property. New lease for 5 years with 3 renewable leases for 5 years each. Call Brett Johnson @ or Jerry Cass @ for more information, to schedule a showing or offers. Must set up an appointment because of the security and nature of the tenant.

## Location

- **Address:** 1116 N Chicago, Portales, NM 88130
- **County:** Roosevelt
- **Coordinates:** 34.191648, -103.330813
- **Google Maps:** https://www.google.com/maps?q=34.191648,-103.330813

## Listing Agent

- **Name:** Lonnie Mitchell · **License:** 16716
- **Brokerage:** Town & Country Real Estate
- **Broker Phone:** (575) 762-7776

## Photos

![1116 N Chicago - Photo 1](http://lh.rdcpix.com/fa9b9f081e06a50b7a5a5063f9f0354fl-f3790664051r.jpg)

![1116 N Chicago - Photo 2](http://lh.rdcpix.com/fa9b9f081e06a50b7a5a5063f9f0354fl-f4217232906r.jpg)

![1116 N Chicago - Photo 3](http://lh.rdcpix.com/fa9b9f081e06a50b7a5a5063f9f0354fl-f2951217402r.jpg)

![1116 N Chicago - Photo 4](http://lh.rdcpix.com/fa9b9f081e06a50b7a5a5063f9f0354fl-f2452030422r.jpg)

![1116 N Chicago - Photo 5](http://lh.rdcpix.com/fa9b9f081e06a50b7a5a5063f9f0354fl-f1484236111r.jpg)

![1116 N Chicago - Photo 6](http://lh.rdcpix.com/fa9b9f081e06a50b7a5a5063f9f0354fl-f3790664051r.jpg)

---

**MLS#:** 20251859 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1116-n-chicago-portales-nm-88130-a9fc6dafde5945708d0893055300027b)

---

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