2500 W Chicago Ave - Storefront FOR SALE


Chicago, IL 60622
$3,500,000 USD
847-682-5024
2500 W Chicago Ave, Chicago, IL for Sale
$3,500,000 USD
Storefront - FOR SALE
1/6
null | 7.2% Cap Rate

2500 W Chicago Ave
Chicago, IL 60622


HIGHLIGHTS

  • Rarely available 100% leased, investment opportunity in Ukranian Village/Wicker Park
  • Home to Split Rail/Villanelle and Dorothy's Downstairs. Offered at 7.2% Cap Rate.
  • Building has top of the line amenities and 2 huge 2nd floor Apartments.
  • Building features an impressive 5,000 SF Bow-Truss Style, Live/Work space perfect for owner/user or to lease out.
  • Located in one of the fastest growing Neighborhoods in the Country for young professionals.
  • Buyers must sign NDA to review Financial Documents, Leases and Rent Roll.

OVERVIEW

Friedman Real Estate is pleased to present this rare opportunity on the north side of Chicago. 2500 W Chicago Ave is a mixed-use retail/residential building on a corner located in Ukrainian Village/Wicker Park. This building has gone through extensive renovation and now features Class A amenities. The property is 100% leased with long-term tenants. The retail space is occupied by Split Rail/Villanelle since 2016 who has a large and loyal customer base. The same proprietor also leases the downstairs space - Dorothy's. The 2nd floor features 2 huge apartments. The rear 5,000 SF class Chicago bow-truss space is currently leased by the building by the building owners and must be viewed to really appreciate the amazing potential for an owner-user of to lease out. This live-work space has been renovated for office use, entertainment or a showroom. It has a mezzanine floor and a car lift. Please contact the broker for further details. Buyers must sign an NDA prior to reviewing financial documents and rent rolls.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,261 SF

ZONING

B4-2, Chicago

APN/PARCEL ID

16-01-429-040-0000

ASK ABOUT THIS PROPERTY

Kellen DugganFriedman Real EstateMore Info
847-682-5024

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Kellen DugganFriedman Real EstateMore Info
847-682-5024

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