2101-2111 W Armitage Ave - Freestanding FOR SALE


Chicago, IL 60647- Bucktown
$3,265,000 USD
630-570-2238
2101-2111 W Armitage Ave, Chicago, IL for Sale
$3,265,000 USD
Freestanding - FOR SALE
1/13
null | 7.35% Cap Rate

2101-2111 W Armitage Ave
Chicago, IL 60647
Bucktown


HIGHLIGHTS

  • Starbucks and Nook Daycare & Preschool | Established, long-term tenants (2008 & 2016)
  • Nook Daycare & Preschool operates 9 locations | The subject property is one of four in a two-block radius
  • Prime Bucktown location | High-visibility along Armitage Avenue (10,800 VPD)
  • Located a half mile from Interstate-90/94 with 228,800 VPD | CTA and Metra Train and bus lines are all within a 0.6 mile radius of the property
  • Significant lack of national coffee shops from the south to the west of the property
  • Average household income of nearly $200K within a half-mile radius | Infill location with 16,285 residents within the same radius

OVERVIEW

This Bucktown asset combines stability and strong demand, anchored by Starbucks and Nook Daycare & Preschool in a fully occupied, net-leased center. Starbucks has operated at the site since 2008, exercising multiple renewal options, while Nook has been a tenant since 2016 and is now in its first renewal term with 3% annual rent increases. A proven operator, Nook runs four schools within two blocks and nine locations across Chicago. The property sits along Armitage Avenue in the heart of Bucktown, where 10,800 vehicles pass daily, complemented by strong pedestrian and bike traffic from a nearby Divvy station and multiple CTA and Metra stops. Immediate access to I-90/94 further strengthens connectivity. With average household incomes nearing $200K within a half-mile and limited national coffee competition in the trade area, the property is well-positioned for durable, long-term performance.

FOR SALE DETAILS

PRICE

$3,265,000 USD

PRICE/SF

$550 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks and Nook Daycare & Preschool

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B1-2

APN/PARCEL ID

14-31-304-038-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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