2101-2111 W Armitage Ave - Freestanding FOR SALE


Chicago, IL 60647- Bucktown
$3,800,000 USD
773-592-8366
2101-2111 W Armitage Ave, Chicago, IL for Sale
$3,800,000 USD
Freestanding - FOR SALE
1/26
null | 6.69% Cap Rate

2101-2111 W Armitage Ave
Chicago, IL 60647
Bucktown


HIGHLIGHTS

  • Starbucks Coffee & The Nook Childcare & Preschool Retail
  • Trophy Property on Large 7,200 SF (72x100) Lot in Prime Bucktown Location
  • Long Term Tenants Benefit from Excellent Neighborhood Automotive & Foot Traffi
  • Close Proximity to Damen & Western "L" Stations, Clybourn Metra, 90/94 Expressway & Multiple Bus Stops
  • One Block to Popular Damen Avenue's Dining & Shopping Establishments

OVERVIEW

2101-2111 West Armitage Avenue, a premier, high visibility single-story retail asset in the heart of Chicago’s sought-after Bucktown neighborhood, has been exclusively engaged to market for sale. The building sits on a 7,200 SF (72x100) lot and offers a rare opportunity to acquire a trophy property with a national credit tenant and 100’ of visibility on the well-traveled Armitage Avenue corridor. The property is 100% leased to two well-established long-term tenants. Starbucks Coffee occupies 1,840 SF with a lease extending through May 2028, while The Nook Childcare & Preschool leases 4,019 SF through May 2030 and has nine Chicago locations. Both tenants benefit from excellent automotive traffic and high foot traffic due to the area’s dense residential surroundings. Situated on the south side of Armitage Avenue, 2101 West Armitage offers an irreplaceable corner location with 100’ of retail frontage in a premier Bucktown location. It’s close proximity to the Damen & Western “L” stations offers quick access to the CTA Blue Line. Also nearby is the Clybourn Metra Station, several bus stops, and further to the east a half a mile is the busy Kennedy Expressway (90/94) interchange, making commuting through the city and suburbs seamless. Additionally, it sits just one block from bustling Damen Avenue, home to top national retailers and popular local dining & shopping establishments.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$691 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,200 SF

ZONING

-

APN/PARCEL ID

14-31-304-038-0000

ASK ABOUT THIS PROPERTY

James DarrowEssex Realty Group, LLCMore Info
773-592-8366

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James DarrowEssex Realty Group, LLCMore Info
773-592-8366

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