2900 N Sheffield Ave - Freestanding FOR SALE


Chicago, IL 60657- Lakeview
$4,300,000 USD
847-562-8500
2900 N Sheffield Ave, Chicago, IL for Sale
$4,300,000 USD
Freestanding - FOR SALE
1/3
null | 6.63% Cap Rate

2900 N Sheffield Ave
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • Highly sought-after Wrigleyville neighborhood – Dense, urban infill location
  • Rare, covered land play as Enterprise has no renewal options
  • Absolute NNN – No landlord responsibilities
  • Over 7 years remain on the primary lease term
  • Found in Chicago’s Lakeview neighborhood – 106,000+ people living within one-mile
  • Affluent area - $183,000+ average household income within one mile

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Enterprise property in Chicago, Illinois. Enterprise has been successfully operating from this location since 1985 and executed a lease extension in 2015 demonstrating commitment. The current lease runs through February 2033 and features signi?cant 2.25% annual rental escalations. The lease is also absolute triple net and presents no landlord responsibilities. This is a rare, dense urban in?ll site in the heart of Wrigleyville, presenting a potential covered land opportunity as the tenant holds no renewal options. The property bene?ts from its position within Chicago’s vibrant Lakeview neighborhood. There are over 106,000 people living within one mile of the property, those of which earn an average household income exceeding $183,000. The property is surrounded by major demand drivers including Advocate Illinois Masonic Medical Center (397 beds), Advocate Outpatient Center, Belmont Harbor, Diversey Harbor, Jewel-Osco, Whole Foods, and Wrigley Field. Situated just two blocks from Wellington Station, served by the Purple and Brown CTA lines with a combined 38,000 daily riders, the property offers exceptional transit access. It is also surrounded by major thoroughfares, including Diversey Pkwy (16,700 vehicles per day), Halsted St (12,400 VPD), Lincoln Ave (13,000 VPD), Belmont Ave (17,700 VPD), and Lake Shore Dr (161,000 VPD). Enterprise Rent-A-Car, founded in 1957 by Jack Taylor in St. Louis, Missouri, is a global leader in the car rental industry. Initially a small leasing company with just seven vehicles, Enterprise grew under Taylor’s vision of exceptional customer service and a focus on local markets. Today, it operates over 9,500 locations in more than 100 countries, offering a wide range of vehicles for personal and business use. The company, still family-owned through Enterprise Mobility, emphasizes ?exibility with services like daily rentals, long-term leases, and innovative programs such as Enterprise CarShare and Exotic Car Collection, catering to diverse customer needs.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$3,432 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Enterprise Rent-A-Car

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,509 SF

ZONING

B3-2

APN/PARCEL ID

14-29-220-045-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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