1901-1909 W Howard St - Storefront FOR SALE


Chicago, IL 60626- Rogers Park
$700,000 USD
516-859-0713
1901-1909 W Howard St, Chicago, IL for Sale
$700,000 USD
Storefront - FOR SALE
1/6
null | 6.77% Cap Rate

1901-1909 W Howard St
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • Located on main road with heavy daily traffic (+15,500 vehicles/day)
  • Situated on a corner lot
  • Significant cash flow upside due to below-market in-place rents for all three tenants, as well as two inline tenants being on MTM leases
  • B3-2 zoning makes this a prime mixed-use development opportunity

OVERVIEW

Exceptional opportunity to acquire a fully-occupied retail storefront located on the high-traffic Howard St in the heart of Rogers Park. The property features three long-term tenants, all of whom have leased the premises for 10+ years, offering immediate in-place cash flow and long-term stability. The anchor tenant, Cash America, occupies 3,300 SF and is part of the largest chain of pawn shops in the U.S., providing strong brand recognition and foot traffic. The additional two tenants — a neighborhood hair salon and a shoe repair shop — round out a reliable tenant mix serving the surrounding community. Investment Highlights: Occupancy: 100% leased with tenants in place for 10+ years Anchor Tenant: Cash America – the largest pawn shop chain in the country Below-Market Rents: Significant upside potential; current ownership has rarely raised rents Zoning: B3-2 – allows for mixed-use or potential redevelopment Corner Lot: Excellent visibility, walkability, and access to CTA Howard Station (Red/Purple/Yellow Lines) High Traffic Area: 15,500+ vehicles/day, dense surrounding residential population This is an ideal investment for an investor looking for stable income with built-in upside, thanks to under-market rents and flexible zoning in a rapidly evolving retail corridor.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

6.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B3-2

APN/PARCEL ID

11-30-401-015-0000

ASK ABOUT THIS PROPERTY

Kian Hollevoet@properties CommercialMore Info
516-859-0713

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Kian Hollevoet@properties CommercialMore Info
516-859-0713

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