The subject property is a ground lease leased to Chase Bank. Chase Bank executed a 20 year ground lease in 2013. The base rent escalates 10% every five years. The property is part of Diversey Shopping Center, which includes an Aldi grocery store, a McDonald's and a development parcel which is approved for approximately 10,000 GLA of additional GLA. The property is located directly across the Street from one of the few super Walmart's in the City of Chicago.
Price Upon Req.1,530 SF
Court-ordered auction of a 1,530 ± SF mixed-use building featuring (1) commercial space and (1) residential space on 0.07 acres of land on Chicago's Northwest side!
Franchisee operates 22 KFC restaurants in the Chicago Market and is currently one of the largest multi-unit franchise restaurant operators with over 200 locations. KFC has been serving customers complete, freshly prepared, family meals since Colonel Harland Sanders founded the concept in 1952. The KFC system serves more than 12 million customers each day in more than 115 countries and territories around the world. KFC operates more than 17,000 restaurants in the Unites States and internationally.
Priced well below replacement value, this is a value add play in a vibrant south side neighborhood. Significant upside is achievable when vacant space is leased up. The vacancy is a former CHASE branch so is well appointed. A surface parking lot for 45 cars services the center as does pylon signage on Halsted St. An over 14% CAP rate is achievable after stabilization.
Fully leased commercial building makes this the perfect armchair investment. Two solid tenants and high traffic location on busy Belmont Ave. with 12,000 square feet of rentable space and 15' wide side drive. Entire building has been remodeled with past 4 years, sit back and collect rent. Drive by but please do not disturb tenants. Note: Owner is IL licensed broker.
Five Fully Leased Commercial Stores and 8 Car parking lot on busy corner near Metra, CTA and new Mariano's. Current leases can be vacated or kept on. All stores have sep HVAC, electric and access. Brand new street scape in progress. Dentist lease for 3 years, the rest are MTM. All tenants current. Expenses to owner are taxes ($28k but should be closer to $18k after protest), 80% water/sewer ($2200 annually), insurance and maintenance of common grounds. Lot is approx. 40' X 165'.
8000 sq ft 3 level Nightclub for sale - long term lease
REDUCED....EXCELLENT OPPORTUNITY TO OWN A MULTI-UNIT COMMERCIAL BUILDING THAT INCLUDES A WELL-ESTABLISHED FULLY EQUIPPED COIN-OPERATED LAUNDROMAT. PROPERTY INCLUDES A WELL MAINTAINED MASONRY BUILDING AND ALSO INCLUDED IS AN ADDITIONAL PAVED PARKING LOT FOR 18 CARS (TOTAL 33 CARS)
Excellent turnkey opportunity in thriving Andersonville. Selling business, assets and licenses -includes incidental liquor license. Great foot traffic Day or evening. Existing concept has great balance of Dine-in And Fast causal carry out. Great catering potential! Please call Agent for snap shot of financials. Please be discreet. Do not disturb staff or clientele