2001-2009 W Howard St - Storefront Retail/Office FOR SALE


Chicago, IL 60645- Rogers Park
$950,000 USD
312-961-1054
2001-2009 W Howard St, Chicago, IL for Sale
$950,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 1% Cap Rate

2001-2009 W Howard St
Chicago, IL 60645
Rogers Park


HIGHLIGHTS

  • Ideally suited for residential/retail redevelopment or to continue current operations
  • Five storefronts subdivided into three retail units
  • Third vacant retail unit potential for immediate leasing

OVERVIEW

Essex 312, LLC is exclusively engaged to market for sale 2001-09 W. Howard St., a 13,059 SF commercial property located at the intersection of Howard St. and Damen Ave. in Chicago's Rogers Park neighborhood. This property is ideally suited for residential and retail redevelopment or can continue its current operations. In May of this year, the 49th Ward of Chicago upzoned the Howard St. corridor to B2-3 to encourage development and growth. The new zoning allows for a Floor Area Ratio (FAR) of 3.0, enabling a potential 39,177 SF mixed-use development by right. The property currently consists of five storefronts, subdivided into three retail units. Current tenants include Super Tasty Sub and The Way Mission Inc., while the third space remains vacant in a vanilla box condition, offering immediate leasing opportunities or repositioning potential. Located along a major east-west corridor, the site benefits from strong vehicle and pedestrian traffic, its proximity to the Howard CTA terminal, and a dense surrounding residential population. The corner lot features over 100 feet of frontage, ensuring excellent visibility and access for both tenants and customers. 2001-09 W. Howard St. presents a rare combination of existing cash flow, lease-up potential, and long-term redevelopment upside, making it a compelling investment opportunity in the heart of Rogers Park.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,059 SF

ZONING

B2-3

APN/PARCEL ID

11-30-310-029-0000

ASK ABOUT THIS PROPERTY

Michael MastersonEssex 312, LLCMore Info
312-961-1054

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Michael MastersonEssex 312, LLCMore Info
312-961-1054

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