List Search

3916 N Broadway St
Chicago, IL 60613 Lakeview

$1,300,000 USD

Storefront Retail Office Condo For Sale  •  3,608 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 11,400 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1900
  • Cap Rate 8.51 %
  • Tenancy Multiple
  • Zoning B3-2
80 Transit Score
96 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1-2 Medical Office 3,608 SF $1,300,000 USD
  • Unit Size: 3,608 SF
  • Condo Use: Medical Office
  • Price: $1,300,000 USD
  • Sale Type: Investment
  • Price/SF: $360.31 USD
Description
Beautiful, one-of-a-kind, completely renovated, medical space along N Broadway in Lakeview East. Two fully built-out medical units for approximately 3,600 square foot of rentable space. Units share a common entry and can be easily combined. Property features 90 feet of frontage along N Broadway and 4 parking spaces. Units are currently leased to two thriving, high-quality NNN medical tenants on 5+ year leases. Wellness Home At NorthStar Healthcare & Vesper Aesthetics. Both paying $29.00 NNN. Units feature spacious basements, ample plumbing, exam rooms with sinks, kitchens, break rooms, labs & washer-&-dryers. Renovations completed in April 2023 are up-to-code, ADA Compliant, and feature stylish design and high quality materials and fixtures. Property is ideal for an investor or owner-user.

Sale Notes
Vesper Aesthetics, current owner, will sign a 5-year $29/sqft NNN lease at closing.

Highlights

gut rehabbed in 2023
fully stabilized
built out as medical offices

Financial Summary

Cap Rate: 8.51 %
Total Expenses: $28,090 USD

Major Tenants

Tenant SF Occupied Lease End Date
Vesper Aesthetics 2,000 SF 6/30/2030
Wellness Home At NorthStar Healthcare 2,000 SF 6/30/2029

Amenities

  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Ravenswood Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.1 mi
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 3.5 mi
Transit/SubwayDriveWalkDistance
Sheridan Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 5 min 0.3 mi
Addison Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 11 min 0.6 mi
Wilson-North Inner (Purple Line - Chicago Transit Authority, Red Line - Chicago Transit Authority) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
Chicago O'Hare International 23 min - 14.3 mi
Chicago Midway International 26 min - 17.7 mi
Aaron Spiro 312-324-4112 Pearson Realty Group
Aaron Spiro 312-324-4112 Pearson Realty Group