758 W North Ave - Sports and Entertainment CONDO FOR SALE


Chicago, IL 60642- Lincoln Park
$4,500,000 USD
847-707-3420
758 W North Ave, Chicago, IL for Sale
$4,500,000 USD
Sports and Entertainment CONDO - FOR SALE
1/21
null | Request Cap Rate

758 W North Ave
Chicago, IL 60642
Lincoln Park


HIGHLIGHTS

  • VALUE-ADD OPPORTUNITY
  • UNIQUE THEATER-STYLE SPACE
  • HISTORIC USE PRESERVATION
  • CORNER LOCATION + PROXIMITY TO TRANSIT
  • ECLECTIC LINCOLN PARK NEIGHBORHOOD
  • PREMIER RETAIL CORRIDOR

OVERVIEW

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple condominium interest in 758 W. North Avenue, Floors 2 thru 4 (the “Property”), an urban infill office condo with a unique historic theatre located in Chicago’s prosperous Lincoln Park neighborhood and Illinois’s 9th most expensive zip code for home values. The ±21,469 square-foot office condo encompasses three levels and is located above a two-tenant retail space. The 2nd and 3rd floors of the Property feature the historic Yondorf Hall, a former public hall with a stage and an encompassing balcony, preserving unique architectural elements. Built in 1887 and designated a Chicago Landmark, it ranks as one of the best surviving Victorian-era buildings The Property was previously owned by the Steppenwolf Theater and used for social events, meetings and rented out nightly. (See info on the landmark designation: Yondorf - Landmark Designation). A new investor or owner/user can continue its legacy as one of the city’s most historic spaces, or repurpose for alternative uses. The 4th floor consists of traditional office space with one existing tenant including exceptional natural light and easy configuration for light renovation or other repurposing. The Property is prominently located at the intersection of North Avenue and Halsted Street, boasting visibility to 36,100 vehicles daily. Across from the CTA North & Clybourn Red Line ‘L’ Station—one of the busiest in the city with 18.7 million annual passengers—that was upgraded with a $4million contribution from Apple to benefit the adjacent flagship Apple store built in 2010. Situated in the heart of the Clybourn/North Retail Corridor, the Property is surrounded by a strong lineup of national retailers, Starbucks, Crate & Barell, Design within Reach, Williams-Sonoma, Nordstrom Rack, Sweetgreen, Potbelly, Whole Foods, Trader Joe’s, REI, Dick’s Sporting Goods, and many others. Adding to its appeal, the Property is positioned within greater Lincoln Park, Chicago’s most affluent neighborhood and one of the city’s most amenity-rich areas. Within a one-mile radius, the area boasts an average household income exceeding $150,000, an average home value over $600,000, and a total population of 69,009.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

30,828 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

B3-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Danny SpitzGreenstone PartnersMore Info
847-707-3420

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Danny SpitzGreenstone PartnersMore Info
847-707-3420

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