2915 N Lincoln Ave - Storefront Retail/Office CONDO FOR SALE


Chicago, IL 60657- Lakeview
$350,000 USD
773-220-4821
2915 N Lincoln Ave, Chicago, IL for Sale
$350,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/6
null | 6.26% Cap Rate

2915 N Lincoln Ave
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • +5 years of a 7-year term remaining
  • Personal Guarantee
  • 2.5% Annual Escalations to the Gross + Tax Escalation Clause
  • New Construction w/ High Ceilings + Radiant-heat
  • All-glass floor-to-ceiling storefront
  • Extremely High Household Incomes

OVERVIEW

Fully leased 1,100 SF Commercial Condo for Sale, with 5+ years of term left on the stabilized MG lease with 2.5% annual increases on the gross and a tax escalation clause. The tenant, Rooted Acupuncture Medicine, a multi-location operator, has personally guaranteed the initial lease term. The 1st floor, newer construction retail/office Condo in the Lakeview Neighborhood of Chicago, is steps from the Wellington and Diversey Brown/Purple line platform and features unsurpassed quality in design and buildout from veteran retail developers. Ideal backfill uses include retail, service retail, salons, offices, medical facilities, etc. Extremely High Household Incomes, Densely Populated Area, Incredibly High Visibility, Proximity to Theaters, Transportation, dining, and shops. Unsurpassed quality in design and buildout from veteran retail developers. This is a fantastic opportunity to own an income-producing asset and capitalize on the incredible revitalization of Lincoln Avenue, which has seen an explosion in new businesses and property development.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

6.26%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

1,100 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

B3-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hunter CannonColliersMore Info
773-220-4821

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Hunter CannonColliersMore Info
773-220-4821

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