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2271 N Clybourn Avenue, Chicago, IL

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2271 N Clybourn Avenue

Chicago, IL 60614-3052 - Lincoln Park Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1960
Building Size:5,000 SF Land Area:.11 AC (5,001 SF)
For Sale Price:$1,050,000 Price/SF:$210.00
Cap Rate:6.30 %

The building is located in a great Lincoln Park location; its features include open space and a truss roof.

Sale Notes:
Single-Tenant bow truss commercial building, extremely well located along the east side of Clybourn Avenue, just north of Webster Avenue, in the heart of Lincoln Park. Lincoln park is located on the near north side of Chicago and is one of the most affluent neighborhoods in the city. The building was recently leased to Chicago Kickboxing Club over a 5-year lease term. The building produces an NOI of approximately $66,425. The lease called for a heavy investment into the space by both the Tenant and Landlord. The Tenant has been in business for over eight (8) years and this building is their second location. Neighboring retailers include Walgreens, Potbelly Sandwich Shop, Chase, Jimmy John's, Panera, Pequod's Pizza, Salvation Army, Regal Cinemas & more.

The property is located along Clybourn Avenue, mid-block between Fullerton Avenue and Webster Avenue in Lincoln Park on Chicago's north side. The Webster Place retail complex is located just one block south at Webster Avenue. Interstate 90/94 (I-90/94) is located approximately one mile northwest of the property. Clybourn Avenue averages approximately 12,100 VPD. There are a number of neighboring national retailers including Potbelly, Jimmy John's, Regal Cinemas, Panera, and Chase among many others.

Frontline Real Estate Partners
Andrew Rubin
(847) 780-8062

Matt Tarshis
(847) 780-8063

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