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Storefront Retail Residential Condo For Sale • 3,600 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit ALL | Retail | 3,600 SF | $1,150,000 USD | |
DescriptionThis 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 NotesWest 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. |
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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.
| 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 |
| Cap Rate: | 7.80 % |
| Total Expenses: | $29,400 USD |
| 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 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 4 min | - | 1.8 mi |
| 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 | - | 1.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| 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 | 14 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Chicago Midway International | 19 min | - | 10.8 mi |
| Chicago O'Hare International | 25 min | - | 15.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
Hunter Cannon
Colliers
Hunter Cannon
Colliers
