3600-3602 W 26th St - Storefront Retail/Residential FOR SALE


Chicago, IL 60623
$2,190,000 USD
312-724-7010
3600-3602 W 26th St, Chicago, IL for Sale
$2,190,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | 9.8% Cap Rate

3600-3602 W 26th St
Chicago, IL 60623


HIGHLIGHTS

  • Stoplight Intersection in the Heart of Little Village.
  • Second Highest Grossing Retail Corridor in Chicago Next to Michigan Ave.
  • Long-Term / Stable Commercial Tenants on Ground Floor: Cash America (Since 2006) and Boost Mobile (Since 2010).
  • Value-Add Potential in Multifamily Component.
  • Well-Maintained and Operated Asset

OVERVIEW

Interra Realty has been exclusively engaged to market 3600-02 W. 26th Street / 2552 S. Central Park Ave , Chicago, for sale. The subject investment property is a mixed-use asset with street-level retail and six apartments in the heart of Little Village. 26th Street has been reported to be the second highest grossing retail corridor in Chicago, behind only Michigan Avenue. There are two long-term tenants on the first floor; Cash America and Boost Mobile. Cash America is a corporate lease, which was just extended to 2029. Boost Mobile is a franchisee, who has been at the property for over 10 years. The second and third floor feature six apartments which have a range of finishes and present significant value-add potential. The apartments are fully occupied and have individual furnaces with tenant-paid heat. The property has been well maintained and operated by ownership. It presents stability in the commercial tenants and value-add potential in the multifamily component. The property is being offered for sale free-and-clear of existing financing.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

9.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9.8% In Place Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,344 SF

ZONING

B3-2, Chicago

APN/PARCEL ID

16-26-125-023-0000

ASK ABOUT THIS PROPERTY

Jeremy MortonInterra RealtyMore Info
312-724-7010

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Jeremy MortonInterra RealtyMore Info
312-724-7010

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