1559 N Milwaukee Ave - Retail FOR SALE
Chicago, IL 60622 |
1559 N Milwaukee Ave
Chicago, IL 60622
HIGHLIGHTS
- NNN, leaving little to no responsibility for the landlord
- 2.25% annual increases to continue growing NOI every year
- Ground floor restaurant space at nearly 20% below market rental rate
- Potential for investor to re-tenant and capture a above-market return
- FAR allows for increased space of ±6,600 SF and with apartments allows investor to increase NOI by over 70%
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
2950
STORIES
1
YEAR BUILT
1914
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17-06-200-004-0000
