2500 W Chicago Ave
17,000 SF
Marketing description
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.
Investment highlights
- Rarely Available 100% leased, Investment Opportunity in Ukrainian Village/Wicker Park
- Home to Split Rail/Villanelle and Dorothy's Downstairs
- Offered at a 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
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