List Search

2136-2142 W Division St
Chicago, IL 60622 Wicker Park

$1,150,000 USD

Storefront Retail Residential Condo For Sale  •  3,600 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 3,600 SF
  • Lot Size 0.21 AC
  • Building Class B
  • Year Built 2004
  • Cap Rate 7.80 %
  • Tenancy Multiple
  • Zoning B3-2, Chicago
75 Transit Score
95 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit ALL Retail 3,600 SF $1,150,000 USD
  • Unit Size: 3,600 SF
  • Condo Use: Retail
  • Price: $1,150,000 USD
  • Sale Type: Investment
  • Price/SF: $319.44 USD
Description
This offering consists of three separately parceled 1,200 SF street-retail condominium units, presented as a turnkey, fully leased portfolio with established, stable tenants and personally guaranteed NNN leases. It offers a prime opportunity for retail investors in Chicago's vibrant market, featuring zero landlord responsibilities and built-in annual rental increases for true passive income in one of the city's highest-barrier-to-entry retail corridors. Each unit boasts high ceilings, open floor plans, exposed brick, walkout open-window storefronts, and ADA-compliant bathrooms. Located at the heart of the dynamic West Division Street retail corridor in Chicago’s trendy Wicker Park/Bucktown neighborhood—known for extra-wide sidewalks ideal for outdoor seating, plus a concentration of popular bars, restaurants, and boutiques—these properties deliver high visibility and strong foot traffic. With versatile spaces and favorable zoning, this portfolio is ideally suited for a wide range of retail uses, making it an attractive investment for those seeking to capitalize on this thriving, coveted corridor.

Sale Notes
West Division Street retail corridor in Chicago’s trendy Wicker Park/Bucktown neighborhood—known for extra-wide sidewalks ideal for outdoor seating, plus a concentration of popular bars, restaurants, and boutiques—these properties deliver high visibility and strong foot traffic. With versatile spaces and favorable zoning, this portfolio is ideally suited for a wide range of retail uses, making it an attractive investment for those seeking to capitalize on this thriving, coveted corridor.

Description 

This offering consists of three separately parceled 1,200 SF street-retail condominium units, presented as a turnkey, fully leased portfolio with established, stable tenants and personally guaranteed NNN leases. It offers a prime opportunity for retail investors in Chicago's vibrant market, featuring zero landlord responsibilities and built-in annual rental increases for true passive income in one of the city's highest-barrier-to-entry retail corridors. Each unit boasts high ceilings, open floor plans, exposed brick, walkout open-window storefronts, and ADA-compliant bathrooms. Located at the heart of the dynamic West Division Street retail corridor in Chicago’s trendy Wicker Park/Bucktown neighborhood—known for extra-wide sidewalks ideal for outdoor seating, plus a concentration of popular bars, restaurants, and boutiques—these properties deliver high visibility and strong foot traffic. With versatile spaces and favorable zoning, this portfolio is ideally suited for a wide range of retail uses, making it an attractive investment for those seeking to capitalize on this thriving, coveted corridor.

Highlights

Walker's Paradise (95) Walk Score | 94 Bike Score | Blue Line (Division station) 0.3 miles
Very High HH Income
High Foot Traffic
Extra-wide Sidewalks w/ Dedicated Outdoor Seating
Strong 25-46 Yr Old Demos
3 Personal Guaranteed leases with Annual Escalations

Property Flyers

Financial Summary

Cap Rate: 7.80 %
Total Expenses: $29,400 USD

Major Tenants

Tenant SF Occupied Lease End Date
Artistic Nails Boutique 1,200 SF 7/14/2028
Lost Larson Bakery 1,200 SF 2/26/2031
Perpetual Books 1,200 SF 3/27/2030

Amenities

  • 24 Hour Access
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Western Avenue Station (MD-N/MD-W/NCS) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.3 mi
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.7 mi
Transit/SubwayDriveWalkDistance
Damen Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 12 min 0.6 mi
Division Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 23 min - 11.5 mi
Chicago O'Hare International 47 min - 17.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Hunter Cannon 773-220-4821 Colliers
Hunter Cannon 773-220-4821 Colliers