773-714-2119
3450 W Montrose Ave, Chicago, IL for Sale
Freestanding - FOR SALE
1/4
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3450 W Montrose Ave
Chicago, IL 60618
Albany Park


HIGHLIGHTS

  • Freestanding 7,000 SF retail building positioned on 0.43 acres.
  • Fully leased to Advance Auto Parts under an NNN lease structure.
  • Lease secured through February 2031 with multiple renewal options for long-term stability.
  • Dense surrounding residential population and high corridor traffic counts.
  • Convenient access to CTA bus lines, the Brown Line, and major expressways.
  • Established Albany Park location within an active neighborhood commercial corridor.

OVERVIEW

This fully leased freestanding retail building offers investors a rare opportunity to acquire a stabilized asset in the heart of Chicago’s Albany Park neighborhood. The property is secured by an established national tenant, Advance Auto Parts, operating under an NNN lease that delivers consistent cash flow with minimal landlord responsibility. The current lease is structured with a term through February 2031, including options for extension, ensuring long-term income stability. Situated on 0.43 acres along West Montrose Avenue, a highly traveled arterial corridor on Chicago’s Northwest Side, the property is surrounded by a dense residential base and well-developed neighborhood retail. Easy access to primary transportation routes, including the Brown Line CTA train, CTA bus stops, and major expressways, ensures consistent customer traffic. This location benefits from its embedded position in a bustling community with significant retail demand.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

B3-1, Chicago

APN/PARCEL ID

13-14-223-038-0000

ASK ABOUT THIS PROPERTY

Marc HaleDarwinPW RealtyMore Info
773-714-2119

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Marc HaleDarwinPW RealtyMore Info
773-714-2119

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