1911 W Chicago Ave - Storefront Retail/Office FOR SALE


Chicago, IL 60622- West Town
$1,375,000 USD
847-219-6383
1911 W Chicago Ave, Chicago, IL for Sale
$1,375,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.46% Cap Rate

1911 W Chicago Ave
Chicago, IL 60622
West Town


HIGHLIGHTS

  • Retail tenant: Passages Bookstore and Wine Bar, NNN lease through 3/15/2029, one (1) 5-year option at FMV
  • Fully occupied, stabilized asset with newly renewed residential leases
  • Located within the Chicago Avenue TOD overlay boundary
  • Room for rent growth: retail at $28/SF NNN, below current Chicago Ave market rates
  • Excellent retail co-tenancy in immediate area, including Brasero, Guillotine Bakery, Roots Handmade Pizza, Mariano's, Lao Peng You, Altar Cafe, etc.
  • Owned by an Illinois licensed real estate broker (disclosure required)

OVERVIEW

This offering features a fully occupied, stabilized two-story mixed-use building consisting of one NNN retail unit, two residential units, and a 2-car garage. The retail space is leased to Passages Bookstore and Wine Bar through March 2029. The asset is located within the Chicago Avenue TOD overlay boundary and features newly renewed residential leases. West Town is one of Chicago's most dynamic submarkets, known for its historic character, modern development, and highly walkable, amenity-rich environment. Owned by an Illinois licensed real estate broker

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-2

APN/PARCEL ID

17-07-200-019-0000

ASK ABOUT THIS PROPERTY

Adam ThomasSVN | Chicago CommercialMore Info
847-219-6383

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Adam ThomasSVN | Chicago CommercialMore Info
847-219-6383

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.